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What is the difference between a fixed tariff and a variable tariff?
What is the difference between a fixed tariff and a variable tariff?
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Written by Joanne
Updated yesterday

A Fixed Rate Tariff is where the wholesale price of your gas or electricity doesn’t change during the length of your contract.

A Standard Variable Tariff (SVT) means the wholesale price of your gas and electricity may change throughout your contract, in line with energy wholesale prices.

Every 3 months, Ofgem (The Office for Gas and Electricity Markets) announces the energy price cap changes to the unit rate and standing charges for electricity usage. These changes only affect those on a Standard Variable Tariff (SVT) who will likely experience changes to their gas and electricity bills.

At Bunch we offer a variety of tariffs including fixed, variable and unlimited tariffs, of which you can choose to include in your package. The majority of our tariffs have fixed unit rates that remain the same for your 12 month contract. To check which energy service you signed up for, visit your customer portal for your package details.

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