Should I switch to a tracker energy tariff this week?

Compare tracker tariffs (and alternatives) for your home

If you’re asking “should I switch to a tracker energy tariff this week?”, the fastest way to decide is to compare three things side-by-side: tracker vs fixed, tracker vs standard variable, and standing charges for your area. Energy prices and tariffs vary by postcode region, meter type and payment method.

What you’ll need (takes 60 seconds)

• Your postcode (to show the right regional rates)
• Rough annual usage (or just choose typical use)
• Whether you have smart meter / standard meter (if you know)
• Contact details so we can send your comparison and next steps

Not sure what a tracker is? Jump to how tracker tariffs work.

A tracker may suit you if…

• You’re currently on an expensive variable tariff and want a tariff that could fall faster.
• You can handle bill fluctuations month to month.
• You have a bit of financial headroom if prices spike temporarily.
• You’re happy to review your tariff regularly (for example every 4–8 weeks).
• The tracker has low or no exit fees so you can switch again if needed.

A tracker may not be right if…

• You need predictable monthly costs (tight budgets, fixed incomes).
• You’d worry about prices changing frequently (daily/weekly depending on the product).
• You’re in a fixed tariff with a large exit fee that outweighs likely short-term gains.
• You prefer to “set and forget” for 12–24 months.
• Your household uses a lot of energy during peak winter months and you don’t want exposure to market volatility.

Potentially lower rates

If underlying prices fall, a tracker can reduce your unit rates sooner than some fixed deals renew or reprice.

Transparency (read the formula)

Many trackers explain how prices move and how often they can change. That clarity helps you judge suitability.

Flexibility

Some trackers have low exit fees, making it easier to switch to a fixed tariff if a competitive offer appears.

Bills can rise quickly

If the market jumps, you could see higher rates within days or weeks depending on the tracker’s update frequency.

Standing charges vary

A “cheap” unit rate can be offset by higher standing charges, which are region-specific and can change your total cost.

Not always available

Some suppliers pause trackers or restrict them by meter type/region. Availability can change week to week.

Key features to check

• Update frequency: daily, weekly or monthly changes
• Price cap / maximum rate: some trackers have a ceiling; many don’t
• Standing charge: your region’s standing charge can dominate costs for low users
• Exit fees: important if you plan to move to fixed later
• Payment method: Direct Debit vs pay on receipt (where offered)
• Dual fuel vs single fuel: you might track electricity only, gas only, or both

What “this week” really means

1. Compare totals (unit rates + standing charge) for your postcode.
2. Check your current tariff end date and any exit fees.
3. Decide your risk tolerance: how much variability can you handle?
4. Plan a review date (e.g., in 30–60 days) to reconsider fixed options.
5. Switch if the numbers and terms stack up.

1) Exit fees

If you’re in a fixed tariff, an exit fee could wipe out short-term savings. Compare the fee against realistic savings over the next 2–4 months.

2) Standing charges

Two tariffs with similar unit rates can have very different standing charges. Low users are especially sensitive to standing charges.

3) Payment and meter type

Some tariffs differ by Direct Debit vs other payment methods. Smart meters can also affect which tariffs you can access.

Comparing unit rates only

A lower p/kWh doesn’t always mean a lower bill. Standing charges, expected usage, and whether the tracker updates daily or monthly can change the outcome.

Ignoring the change mechanism

Trackers differ. Some follow a clear index; others reference wholesale movements with specific rules. Always check how often prices can change and if there’s a cap.

No “plan B”

A tracker works best with a review date. If you won’t monitor it or you’d find a sudden rise stressful, a competitive fixed deal may be a better fit.

Switching during a fixed-term penalty

If you’re close to the end of a fixed tariff, it may be cheaper to wait. Compare “switch now” versus “switch when exit fee drops” using your expected consumption.

Can tracker prices go up every day?

Some trackers can change daily; others weekly or monthly. The update frequency and the pricing formula should be described in the tariff’s terms. If daily movement would make budgeting difficult, consider a fixed tariff.

Are tracker tariffs the same as time-of-use tariffs?

Not necessarily. Time-of-use tariffs (often requiring a smart meter) vary price by time of day. A tracker typically varies over days/weeks/months based on a reference. Some products combine elements of both — check the details.

Will I lose supply if I switch?

No — switching supplier/tariff doesn’t interrupt your gas or electricity supply. Your energy continues to flow through the same pipes and wires. The switch is an administrative change handled between suppliers.

How fast can I switch to a tracker?

Switching timelines vary by supplier and your circumstances. In many cases, switches complete within a few working days. We’ll show available options for your postcode — then you can review the terms before proceeding.

Do tracker tariffs work for prepayment meters?

Some suppliers offer limited tariff choices for prepayment. Availability depends on the supplier and meter setup. Use the comparison form to see what’s available in your area.

What if I’m renting?

If you pay the energy bills and your tenancy allows it, you can usually switch. You may need to keep the same meter and avoid changes that require landlord permission. Check your tenancy agreement and speak to your landlord if unsure.

Whole-of-market view

Compare tracker, fixed and variable tariffs together, so you can choose based on total cost and risk — not just the headline rate.

Clear, UK-focused guidance

We explain how tariffs work in plain English, including standing charges, exit fees and what to check before switching.

Support when you need it

If you’re unsure between a tracker and a fixed deal, we’ll help you compare like-for-like and understand the trade-offs.

“The comparison was quick and the explanation of tracker vs fixed made it easy to decide. I could see the standing charge difference for my area.”

— Homeowner, West Midlands

“I didn’t realise my exit fee would cancel out savings. The results helped me pick a better option and set a reminder to review in a month.”

— Tenant, Greater London