What is the cheapest fixed-price energy tariff? – Best deals compared

The energy price cap currently stands at £1,641, rising by a further 13% to £1,862 on 1st July 2026. The energy price cap is set by Ofgem, the energy regulator, based on the average dual-fuel household energy bill. To provide some context on where we are with energy prices, consumers have been limited in their ability to shop around for the best energy tariffs since the start of the energy crisis in October 2021, where wholesale energy costs soared amid financial and political instability. As a result, over 2 million consumers were forced to move suppliers through no fault of their own - many of whom ended up on a higher tariff than they were previously on. What followed was a period of stability with several providers offering deals significantly cheaper than the energy price cap.

However, the current situation in the Middle East has triggered a spike in wholesale energy costs, leading to many of the competitive fixed-rate energy tariffs being increased or withdrawn. If you are coming to the end of a fixed deal and you are worried about rising energy costs, now could be a great time to start shopping around for the best fixed-price energy deals. Of course, there is the risk that if you fix your bill, a better deal may be available later in the year, particularly if the situation in the Middle East is resolved quickly.

Cheapest fixed-price energy deals compared

We had seen an increase in the number of fixed-price energy deals that beat the April energy price cap, however many of these fixed deals have been removed or repriced. The deals listed below were accurate at the time of writing and are subject to change without notice. Remember to check for exit fees. If you decide to fix your energy tariff, you are committed to that rate for the duration of the fixed period and may incur an exit penalty if you wish to leave the deal before the fixed period ends.

The energy price cap is due to increase to £1,862 on 1st July 2026. This represents a rise of 13% and will add a further £221 to the average annual dual-fuel energy bill.

Energy Tariff	Outfox Energy - 12-month fixed Dual - May 26 v20	FUSE - May 26 Fixed 13m - v19	Eon Next - Next fixed 12 months v134	Utility Warehouse - UW Fixed Saver 84	Outfox Energy - 24-month fixed Dual - May 26 24m v3
Fix Duration	12 months	13 months	13 months	12 Months	24 months
Smallprint	Only available as a dual-fuel tariff	Dual-fuel tariff	Dual-fuel tariff	Dual-fuel tariff	Only available as a dual-fuel tariff
Exit fees (payable if switching before the fixed period ends)	£150 dual-fuel	£200 dual-fuel	£100 dual-fuel	£150 dual-fuel	£150 dual-fuel
Tariff Cost	£1,610 per year approx	£1,630 per year approx	£1,640 per year approx	£1,725 per year approx	£1,695 per year approx
Annual Saving (when compared to the July 2026 Energy Price Cap of £1,862 per year)	£250 approx	£230	£220 approx	£135 approx	£165
Who should switch?	Those wanting a tariff that undercuts the July energy price cap	Those wanting a slightly longer fixed tariff that provides assurance on what they will pay for the next 13 months	Those wanting a tariff that undercuts the July energy price cap	Those wanting assurance on what they will pay for the next 12 months and who are willing to switch at least two other utility services (such as Mobile Phone / Broadband)	Those wanting a much longer fix

Scroll to view full table - Correct at 27.05.26 - Figures based on average usage in the South East of England (Gas = 11,500 kWh per year, Electricity = 2,700 kWh per year)

Compare the cheapest energy deals

The energy price cap is a figure set by the energy watchdog Ofgem. It is based on the annual energy that a typical family paying by direct debit is expected to use and currently stands at £1,641.

The next energy price cap announcement is due around 27th August 2026 which will cover the period from 1st October 2026 to 31st December 2026. Early predictions suggest it could rise by a further 4-5% to around £1,925 per year.

For the latest energy price cap predictions, check out our regularly updated article 'Should I fix my energy prices?'.

Until now, the best strategy for most UK consumers was to stick with their existing standard variable energy tariff as there were very few fixed-price energy deals coming in lower than the energy price cap. To make switching worthwhile, ideally, you should aim to source a fixed-price energy deal that is cheaper than the current energy price cap (or even better, lower than future energy price cap predictions), however, this is something that until now, only a few providers were willing to offer.

You also need to keep in mind that if energy prices fall further, there may be better deals that come to the market in the coming months. So, fixing your energy tariff now could mean that you are unable to switch to a better deal further down the line unless you are willing to pay a hefty exit penalty fee. That being said, some energy providers, such as British Gas, are offering some customers a 'price promise', meaning they will automatically lower the fixed price deal if the energy price cap is lowered in the future. Alternatively, rather than a fixed-price energy deal, you may want to consider a 'tracker' tariff that guarantees to track slightly lower than the energy price cap. We will continue to monitor the energy market and will update our article as soon as there are some competitive energy deals available.

How to find and switch to the best energy deal

Energy providers often reserve their best energy deals for new customers; however, once the offer period ends, customers will be switched to the provider's standard rate tariff. Many customers fail to shop around meaning they remain on standard variable rate deals, either unaware that better offers exist or unwilling to shop around for themselves.

With Uswitch*, you can compare the best energy deals on the market. Once you have found an energy deal you like, you can switch deals in just a few clicks. Energy switches usually take just 5 days to complete.

Energy switching FAQs

How do I know if the deal I am switching to is any good?

You can always check to make sure that the deal you are switching to is the best option for you. Double-check the standing charges for both gas and electricity and ensure that the charge per kWh represents good value and is under the current energy price cap. Ensure that the period you are agreeing to fix for works for you and your family. Also, check the small print at both your new and existing supplier so that you are aware of any additional costs including administration and exit fees.

Do I have to provide final meter readings?

If you do not have a smart meter then you may be asked to provide your latest gas and electricity meter readings when you switch. This will ensure that your new supplier can create a new bill and allows your old supplier to send a final bill. If you have a smart meter then this usually isn't required, however, your new supplier may need to check on the type of smart meter to ensure it is compatible.

What happens to my balance with my existing supplier?

Any money you are owed should be automatically refunded to your account if you are in credit when you switch, however, it is worth chasing this if it has been received within 30 days. Similarly, if you were in arrears when you switched, you should ensure that the final bill is settled as soon as possible.

 

 

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