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Get ready to switch energy

The price cap level has dropped to £2,074, so we may see fixed energy deals returning soon. Confirm your details today so you're ready to act. Enter your postcode to get started.

Is it time to fix your energy deal?

The new price cap level of £2,074 may soon allow some suppliers to reintroduce a limited number of fixed deals to the market. With the market continually changing, though, it's difficult to predict whether choosing one or sticking with a standard variable tariff will save you money in the long run. It's important to consider your options carefully and stay up to date with energy market news to help you decide what to do.

Find out more about fixing your energy deal.

What are the pros and cons of fixing energy now?

  • Do consider exit fees. You may change your mind about your fixed deal and want to switch. If this happens after your 14-day cooling-off period, you might have to pay an exit fee. Not all tariffs have them but some do, so make sure you know whether yours does. 

  • Do consider the length of the deal. Most deals are for 12 or 24 months. During this time the price cap could rise or fall depending on market conditions, so consider how long you would like to stay locked in for. 

  • Do stay informed. It’s important to keep a close eye on the market and run regular comparisons to see what deals are on offer. By signing up to alerts, you will be able to stay close to what’s happening in the energy market and be informed when a good deal comes along. 

  • Don’t just go for the first deal you’re offered. Just because a deal is available doesn’t mean it is a good one or the right one for you. Consider the price of the deal, how long it is for and how important stability is for you right now.

  • Don’t get a deal you cannot afford. Make sure you can afford the deal you choose to take and do not feel pressured into taking one that you will struggle to pay for. 

  • Don’t just look at the direct debit amount. The price you pay through Direct Debit each month is usually based on the estimated amount you will use over a year and may not be the actual cost. Make sure you look at the unit price and standing charge so you can understand how much you will be charged for your energy usage and how it differs from what you are currently paying.

Why are energy bills so high?

Wholesale gas prices significantly increased in September 2021 as a result of various factors combining to put pressure on supply and demand. This meant that there was a knock-on increase to the prices domestic energy customers were charged for their energy by suppliers.

Ofgem ultimately announced that, due to the wholesale market situation, the level of the energy price cap would rise to £3,549 per year for an average use household paying by direct debit in October 2022. It then increased again to £4,279 per year.

Recognising the financial pressure that such high bills would put on households, the government introduced the Energy Price Guarantee, which froze energy prices at £2,500 until the end of June 2023.

The price cap, which continued in the background, fell to £3,280 in April 2023 and will fall further to £2,074 in July. This means the Energy Price Guarantee will no longer be used and the price cap will come into effect again.

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Where else can I compare and save across Uswitch?

With the cost of living crisis affecting households across the UK, you can’t switch energy but you can still compare and save across Uswitch’s other products, including broadband, mobiles and insurance.

How can I save energy and manage my bills?

Control your energy with our free app, Utrack by Uswitch

If you’ve got a smart meter, Utrack is a free mobile app that connects to your smart meter and can help you track your home energy usage and help you find ways to use less energy to keep your bills as manageable as possible.

You can get:

  • Detailed insights about energy usage throughout your home

  • Daily, weekly, monthly and yearly reports and data

  • Energy-saving tips and advice.

Utrack screenshot

What energy help can I get?

If you’re struggling with your energy bills, there is help available. At the very least, energy suppliers are required to have plans in place to help customers who need it - these could include reducing or waiving payments for a while or switching over to a prepayment meter.

The normal winter discount schemes - the Warm Home Discount, Winter Fuel Payment and Cold Weather Payment - all continue to apply to those eligible.

In the autumn of 2022, the government announced a second package of relief measures (details of the first package can be found here) designed to help the most vulnerable.

These included:

  • £900 for those on certain means-tested benefits

  • £300 for pensioners

  • £150 for those on disability benefits.

Comparing energy suppliers

If you’re looking to switch energy supplier, think about what’s most important to you and choose the one that ticks those boxes - but make sure the deal it’s offering works for you as well.

Comparing energy deals

Even though comparing or switching energy isn’t available on Uswitch, it is still important to understand how it works and what to do once the market does return.

What Uswitch customers are saying

"I spoke with Lauren today at Uswitch as I have just moved house and she was so helpful regarding energy providers and she gave me some good advice about switching and when the best time to do so would be."

L.F. , Uswitch customer
08 November 2022

Energy prices

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25 May 2023

Energy price cap to be lowered to £2,074 from July 2023

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26 April 2023

Energy suppliers are sitting on almost £7 billion of households' money

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18 April 2023

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05 April 2023

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15 March 2023

Energy Price Guarantee level to remain at £2,500 for a further three months

The government has announced that the Energy Price Guarantee, through which it keeps customers' energy bills at a lower level than they otherwise would have been, will be maintained at its current level until the end of June 2023.

13 March 2023

Energy suppliers could soon offer fixed deals between £2,200 and £2,500 according Uswitch analysis

With wholesale energy prices dropping and the Energy Price Guarantee due to stay at £2,500, suppliers could imminently be in a position to offer customers fixed deals.

27 February 2023

Ofgem cuts energy price cap level to £3,280

Ofgem has cut the level of the energy price cap from April, though it will remain higher than the government's Energy Price Guarantee.

14 February 2023

Uswitch launches Utrack Money Back demand flexibility scheme

Uswitch has announced the launch of its demand flexibility scheme, Utrack Money Back.

26 January 2023

Arguments over energy usage on the rise in UK households

Uswitch research has shown that in the wake of high energy bills, more people are now arguing about energy use than they previously were.

09 January 2023

Non-direct debit customers see energy bills rise in January

Although the Energy Price Guarantee is protecting customers from big price rises, some have seen a small increase since the beginning of 2023.

17 December 2022

Government launches energy-saving campaign with support from Uswitch

The long-mooted government energy-saving campaign has launched across the country with focus on Uswitch and Utrack.

01 December 2022

Uswitch announces launch of new mobile app Utrack

Uswitch has today launched its new mobile app, Utrack, which is designed to help energy users track and change their energy usage and habits.

29 September 2022

Uswitch encourages UK households to Check, Track and Change their energy usage this winter

With more than a fifth of households saying they can only cope with rising bills by cutting their energy usage, Uswitch is encouraging customers to check, track and change their energy habits this winter.

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08 September 2022

Energy Price Guarantee sees energy prices frozen at £2,500 for two years

In the wake of rocketing energy bills making life financially impossible for UK households, the UK has intervened to fix energy prices with the Energy Price Guarantee.

26 August 2022

Energy price cap level raised to new record high of £3,549

The second energy price cap revision of the year sees it raised to a new high of £3,549 for average use households across the UK.

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Author: Ben Gallizzi

Last updated: 30 May 2023