Switch to a Standard Variable Tariff in the UK: is it worth it?
A standard variable tariff (SVT) can be a sensible short-term option for some households — but it isn’t always the cheapest. Compare whole-of-market deals with EnergyPlus and see if a fixed tariff could cut your bills without losing peace of mind.
- Check if your current tariff is an SVT, fixed, or price-capped default
- See whole-of-market options (not just one supplier’s deals)
- Understand exit fees, risk, and when an SVT may suit you
Home energy only. No obligation. Comparing won’t affect your credit score. You can stop at any time.
Find out if an SVT is right for you — or if you can do better
Many UK households end up on a standard variable tariff after a fixed deal ends, or when they move home and don’t choose a tariff straight away. SVTs are often the easiest option because they’re flexible — but that flexibility can come with a higher price.
Use this page to weigh up whether switching to an SVT is worth it for your home, and then compare whole-of-market tariffs with EnergyPlus to see what’s available right now.
Quick tip: If you’re currently on a fixed deal, check whether you have an exit fee before switching. If you’re already on an SVT, you can usually switch without fees — but always confirm in your account or bill.
Compare home energy tariffs
Fill in the form and we’ll help you compare options for your property. You’ll see whether a fixed deal may beat a standard variable tariff for your usage.
Important: The UK energy market changes. Whether an SVT is “worth it” depends on today’s prices, your meter type, payment method, and how long you plan to stay on that tariff.
When switching to a standard variable tariff can be worth it
A standard variable tariff (SVT) is a rolling tariff where the supplier can change prices (usually with notice). In the UK, SVTs are often linked to the Ofgem price cap (for most households on default tariffs), which limits the unit rates and standing charges suppliers can set for a typical customer profile.
You want flexibility
If you’re likely to move home soon or you’re waiting for better fixed deals, an SVT can be a useful “holding” tariff because you can usually leave without exit fees.
You’re coming to the end of a fixed deal
If your fixed tariff ends and you don’t switch, you may move onto your supplier’s SVT automatically. Sometimes it’s OK briefly — but it’s still worth comparing.
You’re unsure how long you’ll stay with one supplier
SVTs typically have no fixed term. If you don’t want to commit to 12–24 months, an SVT avoids long contracts (but often costs more).
You’re actively monitoring the market
If you’ll keep an eye on rates and switch quickly when a better tariff appears, an SVT can be practical in the short term.
You want protection from unusually high pricing
For most default domestic tariffs, the Ofgem price cap limits the maximum charges suppliers can set (though your bill still depends on your usage).
Reality check: “Worth it” often means “worth it for now”. If you stay on an SVT longer than needed, you may miss a cheaper fixed deal.
What is a standard variable tariff (SVT) in the UK?
A standard variable tariff is a supplier’s default energy tariff. The price can change over time, and you’re not locked into a set end date like you are with a fixed tariff. Many people end up on an SVT when:
- a fixed tariff ends
- you move into a new property and inherit the current supplier
- you sign up and choose not to take a fixed deal
How SVT pricing works (unit rates and standing charge)
Your bill typically includes a unit rate (pence per kWh) and a standing charge (pence per day). On an SVT, these can move up or down when suppliers update prices, often influenced by the price cap level (where applicable) and wholesale costs.
| Feature | Standard Variable Tariff (SVT) | Fixed Tariff |
|---|---|---|
| Price changes | Can change over time (usually with notice) | Usually fixed for the contract length |
| Exit fees | Often none | Often apply if you leave early |
| Best for | Short-term flexibility, people likely to switch soon | Budget certainty and longer-term planning |
| Common risk | Paying more than necessary if you don’t review | Being locked in if market prices fall |
If you’re not sure what you’re currently on, check your latest bill or online account. Look for wording like “standard variable”, “default tariff”, or the name of a fixed plan with an end date.
SVT vs fixed tariff: what’s better for most UK homes?
For many households, a competitive fixed tariff can beat an SVT — especially if you value predictable bills. However, the “best” choice depends on your goals and how confident you are that you’ll switch again if prices move.
Reasons people choose an SVT
- No long commitment — typically no fixed end date
- Often no exit fees — easier to switch again
- Simple — common default when a deal ends
- Good as a short-term bridge while you compare deals
Reasons people choose a fixed tariff
- Price certainty for the contract term
- Easier budgeting month to month
- Potential savings vs SVT if the market is competitive
- Peace of mind if prices rise during your term
A practical rule of thumb
Choose SVT if you need flexibility and you’ll review again soon.
Choose fixed if you want predictable rates and can accept possible exit fees.
Compare first if you’re unsure — the cheapest option depends on your postcode, meter, and payment method.
Not all SVTs are identical: rates and standing charges can vary by region and supplier. Comparing whole-of-market gives you a clearer view of what’s realistic for your home.
How to switch tariffs (and what happens to your supply)
Switching your home energy tariff in the UK is usually straightforward. Your gas and electricity supply stays on — you’re simply changing who bills you and at what rates.
- Check your current tariff. Look for the tariff name, end date, and any exit fee.
- Compare whole-of-market options. Consider unit rates, standing charges, contract length, and payment method.
- Apply to switch. Your new supplier (or switching journey) handles the admin.
- Submit meter readings if requested. This helps ensure accurate final and opening bills.
- Keep an eye on confirmations. Save emails/letters showing your tariff details and start date.
Will my energy go off?
No — switching supplier doesn’t interrupt your supply. Your electricity and gas still come through the same networks.
What if I’m in debt?
You may still be able to switch depending on your meter type and circumstances. Comparing can help you see what’s possible — and your supplier can explain any restrictions.
Common mistakes when choosing an SVT (and how to avoid them)
Staying on SVT by default
SVTs are easy to drift onto after a fixed deal ends. Set a reminder to compare before your end date so you can choose proactively.
Comparing on monthly direct debit only
Some tariffs price differently depending on how you pay. Always check whether you’re comparing the right payment method for your household.
Ignoring standing charges
A lower unit rate isn’t everything. Standing charges matter, especially if you use less energy or you’re away from home often.
Not checking exit fees
If you’re switching away from a fixed deal early, exit fees can reduce or remove any savings. Check your tariff terms before you move.
Assuming the price cap is a “maximum bill”
The cap limits unit rates and standing charges for typical usage. Your actual bill still depends on how much gas and electricity you use.
If you want, jump back to the comparison form and we’ll help you sense-check options for your postcode and fuel type.
FAQs: switching to a standard variable tariff in the UK
Is a standard variable tariff always more expensive?
Not always, but often. SVTs can be competitively priced at times, especially when fixed deals in the market are limited or priced higher. The only reliable way to know is to compare today’s options for your home.
Will I pay an exit fee if I move onto an SVT?
If you’re leaving a fixed tariff early to go onto an SVT, you may face an exit fee (depending on your supplier and contract). If your fixed deal has already ended and you’ve rolled onto the SVT, exit fees are usually not charged for leaving the SVT.
Is the Ofgem price cap the same everywhere in the UK?
The cap level can vary by region because network costs differ. Your supplier sets your specific unit rates and standing charges within the cap rules (where applicable).
Does comparing tariffs affect my credit score?
Comparing tariffs doesn’t affect your credit score. Some suppliers may run credit checks when you apply for certain payment methods, but comparison itself is not a credit application.
I’ve just moved house. Should I switch straight away?
After moving, you’ll normally be supplied by the existing supplier on a default tariff (often an SVT). It’s usually worth comparing once you have your opening meter readings and your account is set up, so you can switch smoothly and avoid billing issues.
Can I switch if I have a prepayment meter?
Yes, you may have options — but availability can depend on your supplier, meter type, and circumstances. Comparing helps you see what tariffs are available for prepayment in your area.
What EnergyPlus helps you do (whole-of-market comparison)
Compare options clearly
See how SVTs and fixed deals stack up using the details that affect your quotes: postcode, fuel type, and tariff preferences.
Avoid common switching pitfalls
We prompt you to consider standing charges, contract length, and exit fees — so you’re not surprised later.
Stay in control
You decide whether to proceed. If an SVT is the right short-term move, we’ll say so — and if a fixed deal looks better, you’ll see that too.
Already know what you want to do? Go straight to compare & switch.
What UK households say about switching with EnergyPlus
“I thought staying on the standard variable tariff was safest, but the comparison made it obvious a fixed deal suited us better. The process was clear and quick.”
“We’d just moved and were put on a default tariff. The reminders about meter readings and standing charges helped avoid mistakes.”
“I wanted flexibility, so I stayed on an SVT briefly, then switched once a better tariff appeared. It helped to see the options in one place.”
Trust & clarity: We focus on helping you understand the trade-offs between SVTs and fixed tariffs, so you can choose what fits your household — not just what sounds simplest.
Ready to decide whether an SVT is worth it for your home?
Compare whole-of-market tariffs in minutes. If a fixed deal looks better than a standard variable tariff for your postcode and fuel type, you’ll see it clearly.
Tip: have a recent bill to hand if you can — but it’s not essential to start.
If you take one thing from this page
An SVT can be fine temporarily, but the safest way to avoid overpaying is to compare your options now and set a reminder to review again.
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