Last Updated: 21/05/2026
The Energy Price Cap is expected to rise to £1,850 from 1 July 2026, up by 13% from the previous level of £1,641 adding £209 a year to the average UK energy bill. For those wanting to beat the price hike, and reduce their home energy costs, there are cheap fixed energy tariffs offering significant savings. The general trend is that these deals are getting more expensive to the sooner you act, the greater your savings are likely to be.
With ongoing instability in global energy prices during to the conflict in the middle east, fixing your tariff now could help you lock in lower rates and avoid any unexpected increases later in the year.
Here is a list of the top fixed-rate energy tariffs available, which offer stability against the unpredictable energy market:
NOTE: The prices above are based on an average UK energy consumption of 2,700kwh Elec and 11,500kwh Gas per year. In the industry these are referred to as Typical Domestic Consumption Values (TDCVs).
| Supplier & Tariff | Estimated Annual Bill |
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Advantages of this type of tariff are:
Disadvantages are:
This type of tariff benefits from the unit price being set at a certain rate for the life of the tariff. It is important to note that this does not mean your energy bill will remain the same - if you use more energy, your bill will be more. If you use less energy your bill will be less - it is the price you pay per unit of energy that is fixed.
With this type of plan you know exactly what your energy will cost you for the life of the tariff, if you keep an eye on your consumption. These energy tariffs can be fixed for any length of time, for example 12 months, or 5 years. You will normally find that the longer the tariff is fixed for, the more expensive it will be as suppliers allow for the fact that there is more likely to be a price rise if you are on the tariff for a longer period.
No! With a fixed rate, whether market prices go up or down, yours will remain the same. With a capped rate, prices will change in line with the market, but will not go over a set limit. So if market prices go down, your rate will go down, but if market prices go up, your rate will not rise above the cap. Capped price tariffs can be a little more expensive than fixed rate but you will benefit from the flexibility.
Our energy price comparison tool can show you the best priced fixed rate deal for your gas and electricity. Just select 'Fixed rate' in the filter box and start comparing prices today.
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The Energy Shop is a free, independent and impartial energy price comparison service. We can help you compare and switch energy suppliers to help you save money. Our service is accredited by the Ofgem Confidence Code.
