What do I need to know about Energy Tariffs?

New customers (including landlords) that have their energy switched during the vacant period of the property, are automatically placed on the Standard Variable Tariff (SVT).

The SVT price is made up of a unit rate (per kWh) and a daily standing charge. Rates are set by suppliers but capped by Ofgem, with slight regional variations.

Can the customer change their tariff?

Yes. Customers can move at any time to a fixed-rate tariff. SVTs have no exit fees, so switching is easy.

Do SVT rates vary between suppliers?

Yes. While the price cap sets the maximum, suppliers may charge slightly less to stay competitive.

What tariff options are available other than SVT?

• Fixed-rate – Locks in rates for 12–18 months; protection from rises but may carry exit fees.

• Time-of-Use (e.g. Economy 7/10) – Cheaper energy at off-peak times, suited to EVs or high night usage.

• Green / Dual-Fuel / No Standing Charge – Options for eco-conscious or low-usage households.