The energy price cap is set to increase, but millions of households can save money by switching to a fixed tariff. This guide provides a 5-minute plan to compare deals and find the best fixed energy rates.
The energy price cap will increase from £1,717 to £1,738 a year, affecting 26 million households on their supplier's standard variable tariff. It's important to note that the price cap is not a limit on the overall amount people will pay for their energy. However, there are dozens of fixed energy deals that outperform suppliers' standard variable tariffs, and it takes just five minutes to start saving ahead of January 1.
All the key dates in 2025 for your finances as we predict what will happen. Ofgem's Its The Big January Sale (Jan 25) - Fix'd Dual v1.0 tariff costs a typical household £1,590 a year. This figure is based on a typical household that uses an average of 11,500kWh of gas and 2,700kWh of electricity every year. It comes with a £25 exit fee per fuel or £50 if you lock in with a dual fuel tariff. E.ON Next offers another cheap 12-month deal with its Next Fixed 12M v40 tariff, costing a typical household £1,599 a year. It comes with a £50 exit fee per fuel or £100 if you lock in with a dual fuel tariff. But, these often cost customers more by forcing them to take out an extra service, like boiler cover, which isn't always necessary. To find the best fixed energy deals, start by visiting price comparison websites, which aggregate various offers from different energy suppliers. Enter your postcode and current energy usage details to receive a list of available deals tailored to your needs - it'll take you less than five minutes. Next, visit the websites of individual energy suppliers to check if they have exclusive deals that are not listed on comparison sites. Compare these offers with those on the comparison websites to ensure you get the best possible rate. What are the alternatives? Money's Pledge variable tariff offers a fixed discount of around three per cent on the price cap rates for 12 months
ENERGYPRICECAP FIXEDTARIFFS SAVINGMONEY COMPARISONSITES ENERGYDEALS
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