What is a fixed-term electricity contract?
A fixed-term contract has a contract period defined in the product terms. The duration and other conditions are specific to the offer. The term alone does not tell you how the energy rate is calculated or when the agreement can be changed.
Is every fixed-term contract fixed-rate?
No. Contract duration and pricing model are separate details. The product data stores them in separate fields: a fixed-term offer may have a fixed rate, spot-linked pricing or a hybrid model. Check the product price and terms before signing.
How long does a fixed-term contract last?
The period depends on the individual product terms. The comparison shows a duration only when it is present in the product data. You should not assume every contract has the same term.
Fixed-term or open-ended electricity contract?
A fixed-term product has a contract period stated in its terms. An open-ended contract does not use the same pre-set term. Switching flexibility, price changes and what happens next depend on the specific product and your circumstances.
Fixed-term or spot-price electricity?
Fixed-term describes duration; spot pricing describes how the energy rate is linked to the market. Both can appear in the same product details, so check each separately. Read our spot-price vs fixed guide or compare spot-price contracts.
Can I switch during the contract period?
Do not assume the same answer applies to every contract or situation. Check your agreement and ask the supplier how its terms apply to you. Moving home may have separate conditions.
What happens when the contract ends?
The product and agreement terms determine what happens next. Check the end date, whether the contract continues after the term and whether you need to make a new agreement. Do not assume the same rate will continue.
How does the standing charge affect the total?
A standing charge is usually billed each month in addition to energy usage. It can account for a larger share of the cost when consumption is low. Compare the energy rate and monthly fee together using your annual usage.
How can I find an affordable fixed-term contract?
Enter your postcode and annual consumption in the comparison. Products are ordered by the existing engine’s estimated annual cost when it can calculate one. Check any post-promotion rate, pricing model, contract period and terms with the supplier. The lowest estimated cost depends on usage and may not be the same for everyone.
Electricity supply and distribution
This comparison covers electricity supply contracts. Distribution is a separate service from your local network operator and is not switched in the same way as your electricity supplier.