Consumers could save up to £234 by switching to 62 fixed deals cheaper than the price cap
The energy price cap has risen by £96, affecting 11 million people across the country
There are currently 62 fixed deals on the market cheaper than the new energy price cap which comes into effect today[1]
Consumers who take action and switch away from default tariffs will be able to save themselves up to £234[2]
Uswitch urges households to switch their energy and lock in a fixed deal to avoid market volatility
It has also created a guide for households to understand what the price cap means for them, and how to avoid being caught out.
Bill payers can switch to more than 62 fixed energy deals which are cheaper than the price cap which comes into force today[1] and save up to £234[2], reveals Uswitch.com, the comparison and switching service.
The energy regulator Ofgem announced in February that the price cap — the maximum amount that providers can charge to customers on default tariffs or prepayment meter tariffs — would increase by £96 from April 1.
It means the default energy price cap will rise from £1,042 to £1,138 for the estimated 11 million people on standard tariffs.
Default tariffs are historically the most expensive on the market, and there are currently 62 fixed deals available which beat the price cap.
The cheapest fixed deal currently listed on Uswitch.com is the HUB Smart Choice Tariff 12 April 22 v1 tariff from HUB Energy at £903 fixed for 12 months — £234 cheaper than the default cap.
Sarah Broomfield, energy expert at Uswitch.com, comments: “Switching to a fixed tariff is the only way to escape market volatility - and the unpredictability of the price cap.
“Many households are struggling with their finances as a result of the pandemic, and moving from a default standard tariff can save consumers hundreds of pounds a year.
“Consumers could be £234 better off by fixing their energy for 12 months with one of the cheapest tariffs on the market, which is a substantial saving for anyone who is out of contract with their supplier.”
Table: Best Buy fixed deals
| Supplier | Plan name | Tariff type | End date | Green | Exit fee | Average price |
|---|---|---|---|---|---|---|
| HUB Energy | HUB Smart Choice Tariff 12 April 22 v1 | fixed | 2022-04-30 | Y | £60 | £903.45 |
| Utility Point | Just Up 21 12M Fixed Wk09 | fixed | 12m | Y | £72 | £919.12 |
| Avro Energy | Simple and Super 12M | fixed | 12m | N | £0 | £920.26 |
| Green | Ramsay | fixed | 12m | Y | £72 | £940.26 |
| People's Energy | People's Energy Fixed Tariff March 21 | fixed | 12m | Y | £60 | £945.88 |
| Entice Energy | Fixed Saver v9 Online | fixed | 12m | N | £60 | £969.67 |
| E.ON | Fix 1 Year Exclusive Spring 2021 | fixed | 12m | Y | £50 | £984.49 |
| Shell Energy | Energy May 2022 v3 | fixed | 2022-05-31 | Y | £60 | £987.57 |
| Utility Warehouse | Green Fix 11 | fixed | 2022-03-31 | Y | £50 | £988.96 |
| Pure Planet | 100% Green 12m Fixed Mar21 v2 | fixed | 12m | Y | £60 | £989.53 |
Source: Uswitch.com. Prices assume a household with medium annual consumption on a dual-fuel tariff, paying by monthly direct debit. To appear in this table, plans must be available in at least seven of the 14 regions. Prices correct as of 31/03/21
Find out how you could save with Uswitch here.
FOR MORE INFORMATION
Ross Stebbing
Phone: 07827 836 709
Email: ross.stebbing@rvu.co.uk
Twitter: @UswitchPR
Notes to editors
Source: Uswitch.com data, correct as at 31/03/2021.
Source: Uswitch.com data, correct as at 31/01/2021.
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including broadband, mobiles, SIM Only and insurance. We’ve saved consumers over £2.5 billion off their bills since we launched in September 2000.
In 2022, Uswitch launched its free mobile app, Utrack, to help consumers manage their home energy costs. By connecting to their smart meter, users can track their energy usage hourly, get dynamic insights and calculate potential savings with handy tips.
Uswitch is part of RVU, a global group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.