The UK energy price cap has increased to £1,738 per year, affecting 26 million households. Uswitch.com suggests that switching to a fixed deal could save an average household £141 per year. The new price cap is based on typical energy usage, and the cheapest fixed deals come with a £100 exit fee for dual fuel. Comparison websites and supplier websites can offer further savings.
The price cap for energy suppliers in the UK will rise from £1,717 to £1,738 per year, impacting 26 million households. Uswitch.com's director of regulation, Richard Neudegg, advises that switching to a fixed deal could save households up to £141 annually. The cheapest fixed deals are open to those with or without smart meters, and typically come with a £100 exit fee for dual fuel. Outfox the Market offers a 12-month fixed deal for £1,604, representing a £134 savings from the January price cap.
To find the best deals, use price comparison websites and review individual supplier offers. Money's Pledge variable offers a fixed discount of around three percent on the price cap rates for 12 months
Energy Price Cap Fixed Deals Energy Savings Price Comparison Websites Uswitch.Com
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