Full list of cheapest energy deals you can get before new price cap rise starts
by David Bentley, https://www.facebook.com/davidbentleybm/ · Birmingham LiveUK householders are being urged to look around for cheap energy deals - whether at their own provider or elsewhere - as we get ready for another price hike in the new year. Bills are to rise again from January 1 as Ofgem announced a 1.2 per cent increase to its price cap.
This will see the typical bill for a household in England, Scotland and Wales go up by £21 from £1,717 to £1,738 a year, or by around £1.75 a month. It may not sound much but these average bills are based on a rise in tariffs and come right in the middle of winter when everyone is using more energy to heat their homes.
The electricity tariff will go up from 24.5p to 24.86p per kWh and the gas tariff from 6.24p to 6.34p per kWh, including VAT and based on the England, Scotland and Wales average for people who pay by direct debit. Following the announcement, energy analysts and even Ofgem itself have urged customers to take advantage of increasing choice among suppliers and look for the best deal to help keep their bills down.
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Richard Neudegg, director of regulation at Uswitch.com, said: "A 1.2 per cent increase in the price cap in January is further adding to households' winter woes, with bills rising as usage soars in the coldest months. This increase comes on top of the 10 per cent hike seen in October, adding insult to injury for the many households already struggling.
"The good news is that households can beat both the January price hike and October's previous rise, and save money by switching to a fixed energy tariff. If you are on your supplier's default tariff today, you can not only avoid this rise, but also start making savings as soon as you switch.
"Right now, the cheapest 12-month fix is meaningfully lower than the January price cap and would save a household with typical usage up to £132 per year against these upcoming rates. Customers should run a comparison to see what savings they can make. There are lots of fixed deals on the market right now, the majority of which beat the current price cap."
Top 10 cheapest fixed energy tariffs you can get right now
| Supplier | Tariff | Fix duration | Average annual bill | Saving against January cap (£1,738) | Exit fees | Availability |
| Outfox the Market | Fix’d Dual Nov24 v2.0 | 12 months | £1,606 | £132 | £25 per fuel | Direct via Outfox the Market |
| Outfox the Market | 2 year Fix'd Dual Nov24 v2.0 | 24 months | £1,606 | £132 | £100 per fuel | Direct via Outfox the Market |
| EDF Energy | Simply Fixed Direct 1Yr Jan26 | 13 months | £1,608 | £130 | None | Direct via EDF Energy |
| EDF Energy | Simply Fixed 1Yr Jan26 | 13 months | £1,608 | £130 | £25 per fuel | Uswitch.com, Confused.com,and direct via EDF Energy |
| British Gas | Fixed Tariff 18M | 18 months | £1,608 | £130 | £50 per fuel | Uswitch.com, Confused.com,and direct via British Gas (Ends 21:00, 22.11.24) |
| Outfox the Market | 18-Month Fix'd Dual Nov24 v5.0 | 18 months | £1,611 | £127 | £50 per fuel | Direct via Outfox the Market |
| E.ON Next | Next Fixed 18m v6 | 18 months | £1,618 | £120 | £50 per fuel | Uswitch.com, Confused.com, and direct via E.ON Next |
| E.ON Next | Next Reward Days Fixed 12m v1 | 12 months | £1,620 | £118 | £50 per fuel | Direct via E.ON Next |
| E.ON Next | Next Fixed 12m v35 | 12 months | £1,620 | £118 | £50 per fuel | Direct via E.ON Next |
| Sainsbury’s Energy | Sainsbury’s Fix and Reward Fixed 18m v6 | 18 months | £1,636 | £102 | £50 per fuel | Direct via Sainsbury’s Energy |
Prices were correct as of 6am on November 22, 2024. Tariffs included within the table above are the cheapest 12-month, non-bundle fixed tariffs, not variable or tracker. All energy tariffs and prices mentioned are subject to change without notice, and rates vary upon region. These are the cheapest tariffs available based on suppliers who have updated Uswitch with their rates.
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