With Price Fix May 2016, by paying for both electricity and gas by Direct Debit, you'll receive a continuous discount through a reduction in your daily standing charge, worth £90 over each year.
Your daily standing charge will be discounted so that over a year you'll receive a discount of £40 on your electricity charges and £50 on your gas charges for paying by Direct Debit.
If you stop paying by Direct Debit, you'll move on to the non-discounted Receipt of Bill version of our Standard tariff. If this happens, we'll let you know. There is no additional discount after 12 months as it is already taken into account in the price you pay each day. Subject to change.
The TIL gives you all the information you need about a tariff in a standard format, to let you easily compare products. Each TIL is specific to the location of your property, fuel type (Gas or Electricity) and payment method.
The TIL contains infromation about the tariff, such as, costs for unit rates, standing charge costs, Tariff Comparison Rate (TCR), and discounts.
Download all the terms and conditions relating to this tariff below.
There are some important things you should know about this tariff. We've put a brief summary below for you, but please ensure you download and read all the terms and conditions:
To see an estimate of how much you'd be paying with Price Fix May 2016, get a quote.
Price Fix May 2016: is a fixed-price tariff that's available to new or existing customers with standard credit or Economy 7 meters paying by monthly or quarterly Direct Debit. Unfortunately it’s not available to customers with non-standard or pre-payment meters or Receipt of Bill customers.
Prices will be fixed until 31/05/16 (providing no charge or cost is imposed by or as a consequence of any action, order, decision or imposition by any governmental, statutory or licensing authority, and, when added to our charges, this causes our prices to exceed the fixed price) but may change for you if your payment method or meter type changes or you don’t continue to meet the eligibility criteria of the tariff. If there is a change in the rate of VAT chargeable in respect of the energy we supply, this will cause our charges to change and may increase the charges you pay to us.
£927 average annual cost: based on a standard single rate meter customer with a typical annual average electricity consumption of 3,200kWh and gas consumption of 13,500kWh paying by Direct Debit. Costs are averaged across mainland UK. Includes the annual value of Direct Debit discounts and VAT at the reduced rate of 5%. Actual annual cost will vary according to the number of fuels taken, the applicability of discounts and by region, consumption and meter type and charges could be higher than our Standard charges. Correct as at 02/02/15.
After 31st May 2016, you'll automatically move to our cheapest Standard variable tariff applicable to you.
Changing your tariff or supplier: There's no exit fee if you decide to switch tariff or supplier.
A standing charge applies to this tariff. A customer pays a standing charge separately to their energy usage. It's for the cost of delivering and supplying energy to their home, rather than energy usage. A standing charge may vary depending on what tariff a customer is on and whether the supply relates to electricity or gas.
Your Direct Debit Discount: When you pay by Direct Debit, your daily standing charge will be discounted so that over a year you'll receive a discount of £40 on your electricity charges and £50 on your gas charges for paying by Direct Debit. If you stop paying by Direct Debit, you’ll move on to the non-discounted Receipt of Bill version of our standard tariff. If this happens, we'll let you know. There is no additional discount after 12 months as it is already taken into account in the price you pay each day. Subject to change.
Meter read reminders: We'll use the reading(s) you supply to produce your next bill whenever possible. There may be some circumstances when it isn’t possible to use your meter reading and in this case we’ll estimate your consumption. Our agents will still require access to your meter to take readings and for safety checks. The meter reads you supply will be in addition to our own meter reads and will be used to provide the most up-to-date view on your statement.
Offer subject to availability and may be withdrawn, suspended or amended at any time.
The Tariff Comparison Rate (TCR) is a rate for you to compare a tariff against another. It's a cost per kWh that a typical consumer would pay on that tariff. To work out the rate, we assume an average of kWh and then include the unit rates and standing charges. However, it's a guideline to help customers compare tariffs, it's not an actual price. The amount you pay will depend on your actual usage. Your current tariff's TCR is always printed on your bill or annual summary.
TCRs will vary by location, fuel type (e.g. gas) and payment method.