---
title: Why Should You Switch Tariffs?
description: Competitive tariffs are making a comeback, which means it might be the perfect time to switch. Switching isn't just about saving you money
image: https://blog.loop.homes/hubfs/Loop%20blog%20why%20should%20you%20switch%20tariffs%20main.png
---

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 All figures and calculations are correct at the time of publication.

# Why Should You Switch Tariffs?

Published by [ The Loop Team ](https://blog.loop.homes/author/the-loop-team) on Nov 7, 2024

The UK energy market has had a tough few years thanks to the energy crisis. Competition between tariffs dropped, and the switching market froze. The government brought in a [price cap](https://blog.loop.homes/understanding-the-energy-price-cap-what-you-need-to-know) to shield consumers from runaway wholesale prices, but even so, households have felt the pinch with rates changing every three months. 

Now, as prices start to settle, competitive tariffs are making a comeback, which means it might be the perfect time to check your options and secure a stable rate to protect against future hikes. Switching isn’t just about saving money (though that’s a big win!); it’s also about finding a plan that fits your lifestyle and budget. Here’s why switching could be worth your while.

Wasted energy makes up 30% of the average energy bill - do something about it! Get more from your smart meter with Loop.

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1. ** Save on Monthly Bills****  
   **Switching tariffs has always been a popular way to cut down on monthly energy bills, with people jumping at better deals as they appeared. But in recent years, with limited options, switching hasn’t been as accessible. The government’s price cap has provided some relief, helping keep rates in check. Now, with more fixed-rate deals returning to the market, locking in a rate below the cap could shield you from future price increases and give you some peace of mind. 
2. ** Enjoy Predictable Costs****  
   **With energy prices changing every three months, sticking to a budget can feel like a challenge. Fixed tariffs, which usually last a year, bring stability by locking in a set price per unit. While you might miss out on possible price drops, a fixed rate means you avoid sudden increases, so you can plan with confidence and avoid unexpected bills.
3. ** Benefit From Renewable Energy****  
   **Sustainability is a growing priority, and many suppliers now offer green tariffs, typically backed by renewable sources or carbon offsetting to balance emissions. Just be sure to double-check the details, as some providers have been accused of “greenwashing” - promoting eco-friendly plans without fully backing them with renewable sources. If going green is important to you, do your research and look into suppliers who genuinely support renewable energy initiatives.
   
   ![Loop blog why should you switch tariffs 1](https://blog.loop.homes/hs-fs/hubfs/Loop%20blog%20why%20should%20you%20switch%20tariffs%201.png?width=300&height=300&name=Loop%20blog%20why%20should%20you%20switch%20tariffs%201.png)
4. ** Maximise Your Home’s Green Tech****  
   **As green tech becomes more common across UK homes, more tariffs are being tailored to support it. EV and Agile tariffs, for example, offer cheaper off-peak rates and even credits for exporting extra energy back to the grid, making them ideal if you’ve got solar panels or a home battery. If you don’t have the right tariff for your tech, you could be missing out on big savings. 
5. Simplify Your Gas and Electricity Bill  
   Managing separate bills for gas and electricity can be a hassle. Dual fuel tariffs combine both under one supplier, which can save you time and even some money. It’s a practical choice for those who prefer a streamlined approach to their energy bills, making payments and managing costs simpler.

1. ** Save with Off-Peak Pricing****  
   **If you’ve got an EV, storage heaters, or appliances that can charge overnight, Economy 7 or Economy 10 tariffs might be a smart choice. They offer cheaper rates during off-peak hours, usually overnight, letting you take advantage of lower rates for energy-intensive tasks and helping to keep costs down. Perfect if your energy use is flexible!

Switching energy tariffs may seem like a small change, but the right tariff can enhance savings, increase convenience, and support greener choices. With a broad range of tariffs available, it’s easier than ever to find a plan that works for your household.

• • •

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