Is it worth switching energy supplier right now?

It depends on your current tariff versus the best available deals. Use our comparison and 'should I switch?' tools to see whether a fixed or better variable deal would save you money today.

How long does switching energy supplier take?

A switch typically completes within five working days, and there's a 14-day cooling-off period. Your supply is never interrupted — the same gas and electricity flow into your home.

Are there exit fees for switching?

Some fixed tariffs charge exit fees of around £30–£60 per fuel if you leave early. Variable and rolling tariffs usually have none. Always check before switching.

Will switching supplier interrupt my supply?

No. Switching only changes who bills you; the physical gas and electricity supply continues uninterrupted with no work needed at your home.

Should I choose a fixed or variable tariff?

Fixed tariffs lock your unit rates and protect against rises; variable tariffs follow the market and can fall. If prices are expected to drop, variable can win, but it carries more risk.

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Neutral

6 August 2026

Base rate held AGAIN at 3.75% – here's what it means for ...

Article Summary

Key point: The base rate remains at 3.75%, impacting mortgage deals and savings. Standard Variable Rates (SVRs) are typically more expensive than fixed or tracker deals and can change at any time.
Why it matters: No immediate change to household bills, but worth watching.
Expected impact: Mixed / neutral impact — A structural or regulatory development to monitor.

The base rate remains at 3.75%, impacting mortgage deals and savings. Standard Variable Rates (SVRs) are typically more expensive than fixed or tracker deals and can change at any time.

What This Means

This news primarily affects mortgage holders and savers, not directly energy bills. However, household finances are interconnected; lower mortgage payments or better savings rates can free up disposable income. We advise consumers to review their mortgage and savings products, as managing these costs can indirectly alleviate pressure on overall household budgets, including energy expenses.

Consumers: No immediate change to household bills, but worth watching.
Businesses: Limited direct cost impact for businesses for now.
Energy market: A structural or regulatory development to monitor.