What is a standard variable tariff — and why is it expensive?
It’s often the default — and usually the most expensive.
If you haven’t switched recently, you’re likely on one.
What is a standard variable tariff (SVT)?
It’s the default tariff you’re placed on:
• When your fixed deal ends – which is usually the point where you should consider when to switch energy supplier in the UK.
• When you haven’t chosen a new tariff
• When you haven’t switched suppliers
Why it’s more expensive
• Prices can change at any time
• It’s usually higher than fixed deals
• It offers less protection from price increases
Why people stay on it
• They don’t realise they’re on it
• They forget to switch
• It feels easier to do nothing
This is where many people overpay — and why it’s important to understand how to reduce your energy bills in the UK.
What you can do instead
• Switch to a cheaper tariff
• Fix your rate if available
• Review your energy regularly
Don’t want to stay on an expensive tariff?
Geoff tracks your energy and highlights when cheaper options are available
FAQs