Cheapest tracker energy tariff in the UK this month

Find the cheapest tracker energy tariff available for your home

A tracker energy tariff links your unit rate (and sometimes standing charge) to a published index. That means prices can go up or down over time. The “cheapest tracker energy tariff in the UK this month” depends on your postcode region, meter type (single-rate, Economy 7, smart), and how you pay.

EnergyPlus.co.uk is a whole-of-market home energy comparison service. We’ll use your details to show tracker tariffs you can actually switch to today—so you can judge them on the numbers that matter: unit rates, standing charges, exit fees and any price cap / maximum rate clauses.

What you’ll get after submitting

• A shortlist of available tracker tariffs for your postcode
• Estimated monthly/annual cost based on your usage
• Key terms: exit fees, minimum term, and any price ceiling
• Clear comparison versus fixed and standard variable options

You can handle some price movement

Your unit rate may change daily, weekly or monthly depending on the supplier’s tracker design. You’re comfortable with bills moving up and down.

You want a rate that can fall

Fixed tariffs protect against increases, but you won’t benefit if market prices drop. Trackers can pass on reductions more quickly.

You’ll check the key terms

Some trackers have a price ceiling (maximum unit rate) or exit fees. We highlight these so you can compare fairly.

Tracker tariffs may suit you if:

• You want to avoid being stuck on a higher fixed rate if prices fall
• You have some flexibility in your monthly budget
• You’re happy to review your tariff every few months
• You’re comparing the standing charge as well as unit rates

A fixed tariff may suit you if:

• You need predictable bills and less risk
• You would struggle if prices rose quickly
• You prefer not to monitor changes
• You value peace of mind over potentially lower costs

A tracker tariff typically follows an index such as wholesale market prices or a supplier-defined tracker formula. Unlike a standard variable tariff (which is usually linked to the Ofgem price cap level and supplier decisions), a tracker has a clear published method for changing rates.

Common tracker structures you’ll see in the UK

• Daily tracker: unit rates update every day based on an index (more volatile).
• Monthly tracker: unit rates update monthly (smoother changes).
• Capped tracker: tracks an index but has a maximum unit rate ceiling (useful risk control).
• Discount-to-cap: priced below a reference (often related to cap levels), but still variable.

1. Tell us your postcode and setup
   We identify your electricity region and meter type.
2. We pull whole-of-market tracker options
   We highlight key terms: standing charge, unit rate, caps and exit fees.
3. You compare against alternatives
   See how trackers stack up versus fixed and variable in your area.
4. Switch (or keep looking)
   If you switch, we guide you through the next steps and timings.

Key factors that change the “cheapest” tracker

• Region: standing charges vary across distribution areas (e.g. Midlands vs South West).
• Payment: Direct Debit can be cheaper than pay-on-receipt with some suppliers.
• Meter: Economy 7 rates differ day vs night; some trackers price them separately.
• Consumption: low usage homes can be more sensitive to standing charges.

What you should check before switching

• Update frequency: daily vs monthly (how often rates change).
• Price cap/ceiling: the maximum unit rate (if offered).
• Exit fees: what it costs to leave early (if applicable).
• Standing charge: a high standing charge can cancel out a low unit rate.

Only looking at the unit rate

Standing charges can make a “cheap” tracker expensive for low-usage households. Always compare the full estimate.

Ignoring exit fees and caps

If prices rise, you may want to switch quickly. Exit fees and whether there’s a ceiling matter more on trackers than many people expect.

Choosing a tracker without a plan

Trackers work best when you review them. Set a simple reminder to re-compare every month or two.

What is a tracker energy tariff?

A tracker tariff is a variable tariff where your unit rate (and sometimes standing charge) follows a published index or formula. Rates can move up or down, often daily or monthly.

Why can’t you list one “cheapest tracker tariff” for everyone?

Energy pricing varies by region, meter type and payment method. Trackers can also update frequently. The cheapest tracker for your home is best confirmed with a postcode-based comparison.

Are tracker tariffs linked to the Ofgem price cap?

Not always. Some variable tariffs move broadly with cap periods, but a tracker usually follows a specific index/formula. Always check the tariff details, including whether there is any cap/ceiling built in.

Do tracker tariffs have exit fees?

Some do, some don’t. If there’s an exit fee, it may reduce the benefit of switching again soon. We flag exit fees clearly in your comparison results.

Can I get a tracker tariff with an Economy 7 meter?

Often yes, but not every tracker supports Economy 7. If you use storage heaters or shift usage to night, comparing an Economy 7-compatible tracker can make a big difference.

How quickly can I switch to a tracker tariff?

Switch times vary by supplier and your circumstances. In many cases, switching can be completed in a few days to a couple of weeks. Your supply won’t be interrupted.