Fixed Price Gas and Electric
What is a fixed tariff plan?
Opting for a fixed rate is asking the supplier to keep the rate of gas or electricity supply constant regardless of fluctuations in the oil price and other expenses. Fixed tariff plans offer fixed rates for a limited duration only starting at 12 months up to a maximum of approximately 24 months.
When is a fixed tariff a good idea?
For a consumer taking this option is protection against a volatile fuel price. When the markets are relatively steady it may pay to take the increases with the reductions in price. Although a supplier has offered a great rate to begin with there is no guarantee that this will remain constant.
Who do I ask for a fixed tariff?
You will find that most of the suppliers affiliated with us offer fixed rates although they are not always available or offered at the same price. You may also find that the fixed rate is slightly higher than other rates it includes some level of assurance. These suppliers include the likes of British Gas, NPower, E.ON, Scottish and Southern, EDF and Scottish Power.
Where do I start?
Your very first step is to get quotes from PCM Switch who will gather fixed tariff quotes on your behalf from the suppliers offering it so that you can compare them and the other benefits that are offered to you. All we need to get going is your postal code and your phone number all in the name of saving on electricity and gas bills.
When does the fixed tariff kick in?
If you have chosen a fixed tariff of a different supplier we will need to begin the switch process. Although the equipment remains the same the entire process can take anything up to 6 or even 8 weeks. During this time you can expect a confirmation letter from PCM Switch and a welcome pack from your new service provider. This will contain information including the switch date. The only change you will notice is that from the switch date you will be billed according to the fixed tariff.
How is a Capped Tariff different?
A Capped Tariff is a maximum rate that you can be charged for electricity and gas for a certain period of time. This allows for fluctuations in the rates so that you can benefit from a lower rate. The maximum rate as decided by the supplier varies and is not always available from all suppliers all the time. That is why if you are looking for a capped rate as opposed to a fixed or variable rate it is best to speak to PCM Switch to assist you.
Why would a Capped Tariff be appealing?
On a Capped Tariff you are offered the advantage of reduced gas and electric prices without the risk of having the rates increase out of control.
How do I go about getting a Capped Tariff?
Your first point of call is PCM Switch. We will gather quotes from the suppliers who are offering a Capped Tariff at the time. These quotes will show you how you can save money right now as well as in the long run if prices increase.
How long does it take to switch to a Capped Tariff?
As soon as you have made your selection you will receive a letter mailed to you from us. You will then receive a welcome pack from the new supplier should you have opted to switch. All the information you need to know will be in this pack including the date that the switch will be made. All in all, the entire switch takes anything from 6 to 8 weeks. Once the switch has been made there will be no interruption in power supply. The only noticeable difference will be on your electric and gas bill.
The customer service team at PCM Switch can help you with any question or comments you may have.
Head Office: EATON HOUSE, STATION ROAD, LEEDS, LS20 8XB Company Registration: 4704157 Vat Registration: 817013852