By price structure
- Fixed-rate: Unit rates and standing charges are locked for a set term (e.g., 12 months). Good for budgeting. Exit fees may apply.
- Variable-rate: Rates can move up or down with the market. Standard Variable Tariffs are subject to Ofgem’s price cap limits.
- Time-of-use: Cheaper off-peak prices (e.g., Economy 7/10 or smart EV/heat-pump tariffs). Works best if you can shift usage.