In the wake of anticipated changes to the government’s energy price cap, which are set to be disclosed this Friday, nearly 63% of the British public is actively weighing the option of transitioning to fixed-rate energy tariffs.
That’s according to a new survey by 100Green, which shows that a proactive 12% have already made the switch in response to recent price cap updates.
The motivations behind the shift towards fixed-rate energy tariffs are diverse, with respondents highlighting various concerns.
Nearly 66% of those surveyed indicated that their decision was driven by apprehensions about impending price hikes, seeking protection against potential uncertainty.
Almost 10% of the 1,000 survey respondents admitted to not understanding the distinctions between the standard variable tariff and fixed tariff, while 43% claimed only a partial comprehension.
Notably, nearly 15% of UK homeowners seemed unaware of the recent decline in energy prices, with another 33% acknowledging only a vague awareness of the trend.
