Utility Warehouse and EDF launch fixed tariffs £129 lower than current price cap | Personal Finance | Finance
Utility Warehouse (UW) and EDF have launched new fixed energy tariffs priced up to £129 lower than today’s price cap.
UW has launched a new fixed energy tariff priced £127 lower to provide “much needed support” for households ahead of the festive season.
With the current cap costing a steep £1,717 annually per average duel-fuel household, Utility Warehouse’s (UW) Fixed Saver 31 tariff enables households to lock in energy costs at just £1,590 until November 2025.
The deal is available to customers who take energy and switch at least two of their existing services – from broadband or mobile – to UW.
For customers who want energy plus just one other UW service from mobile or broadband, UW’s two-service Fixed 31 tariff offers a price of £1,623 for up to 12 months, which works out almost £100 below the price cap.
The new fixed tariffs are available to both new and existing customers.
For customers struggling with their bills, UW also offers flexible payment options, energy efficiency advice, and access to targeted financial support through its hardship fund. In partnership with Citizens Advice Plymouth, it has deployed more than £555,000 worth of support over the last financial year.
UW’s deal follows hot on the heels of EDF Energy’s new cheaper 12-month fixed tariff launch, hich costs £1,588 for a typical energy user paying by direct debit.
The Simply Fixed Direct 1y Nov25 is available to both new and existing customers and a smart meter is not required to sign up.
Rich Hughes, director of retail at EDF, said: “At this time of year people are using more energy and are more concerned about the cost of their energy bill. We want to help in any way we can and have taken advantage of wholesale prices dropping to offer another market-leading deal.
“The market does remain unstable and with the majority of customers on standard variable tariff likely to face another increase come January, customers still on that tariff could benefit from signing up to this tariff.”
EDF is also offering a 12-month tracker tariff, which tracks at £50 below the price cap, with that £25 per fuel saving coming from standing charges rather than unit prices.
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 ITV last month, 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.”
