The new energy tariff that’s the ‘cheapest in the UK’ £179 below imminent January cap

Utility Warehouse has launched a new fixed tariff £158 below the current price cap, aimed at helping customers save for the year ahead. When the price cap rises to £1,738 in January, UW says customers on this tariff could save £179, potentially making it the “cheapest” option available in the UK.

With the current cap costing a steep £1,717 annually per average duel-fuel household, Utility Warehouse’s (UW) Fixed Saver 32 tariff enables households to lock in energy costs at just £1,559 until November 30, 2025.

The deal is available to customers who bundle their energy with UW’s other two services – broadband and mobile.

For those who switch to four services, UW offers an additional £50 bill credit, reducing their tariff to £1,509 for the next 12 months – £208 below the cap.

For customers opting for energy plus one additional service, such as mobile or broadband, the two-service Fixed 32 tariff costs £1,608 for the next 12 months. This would represent a £109 saving below today’s cap and £130 below the January cap.

David Walter, chief growth officer at Utility Warehouse, said: “As the price cap rises and temperatures fall, we’re doubling down on giving households exactly what they want: energy prices that undercut the cap and excellent customer service.

“This isn’t just a short-term Black Friday deal – our fixed tariffs are designed to deliver savings and peace of mind for the next 12 months – putting pounds back into our customers’ pockets for the year ahead.”

The new fixed tariffs are available to both new and existing customers.

Customers can sign up via UW Partners, who provide personalised support to anyone wanting to switch to the new tariff and on how to save money on their household bills by bundling them together with the provider.

UW is also offering additional support to struggling households through flexible payment plans, energy-saving advice, and a hardship fund. In partnership with Citizens Advice, the fund distributed over £555,000 to those in need during the last financial year.

Consumer champion Martin Lewis has been urging households to look into fixing their energy tariffs, as the price cap is not expected to fall much further in the year ahead.

Speaking on recently, Mr Lewis said: “I would urge anybody out there at the moment who is sitting on the price cap to get yourself onto a whole of market comparison site, one that by default, shows you all the tariffs.

“Find what your cheapest fixes are, and look at how that compares to what you’re paying right now.”

Mr Lewis continued: “It’s worth noting, the price cap moves every three months. Most of you are on the price cap.

“It’s not expected to change much in January, and it’s expected to come down a tiny bit in April and July, but over the next year, you’re not going to pay – if current predictions are correct – much less than you are right now on the price cap, and you can fix at nine or 10 percent less.”