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The best energy deals can save the average household around £249 a year against the current price cap, according to price comparison website Uswitch.
The price cap increased to £1,758 on 1 January 2026. With elevated energy bills here to stay, the energy regulator, Ofgem, has previously urged households to consider switching to a fixed tariff in order to cut costs.
Ofgem has announced that the energy price cap will fall to £1,641 in April for the average household. This is a 7 per cent drop. Keep in mind that the cap doesn’t limit your total bill, instead it dictates how much suppliers can charge for the unit cost of energy – if you use more than the average household, you’ll pay more than the quoted annual cost.
The top deal available at the moment offers annual savings of £132 against the new cap.
Comparing energy providers can help you save money and avoid paying more than you need to. With January’s cap up from the October one, the average household could lock in savings by switching to the best fixed energy tariff currently available.
Even with low standing charge tariffs being introduced from April, fixes are likely to work out better for most.
> Compare the best energy deals with Uswitch*
Certainty over your bills: The unit cost of energy won’t rise when you’re on a fixed tariff
The table below shows you the cheapest energy deals this week, according to comparison website Uswitch. It’s a good idea to compare the best deals with what you’re currently paying, because rates vary by region.
Keep in mind that the cap doesn’t limit your total bill – energy companies charge for energy by the kilowatt hour (kWh), so if you use more than the average household, you’ll pay more.
It’s therefore important to check the unit rate – how much you’re charged per kWh – on a new fixed tariff against that of your existing deal.
Best energy deals this week
| Supplier | Tariff | Fix duration | Average annual bill | Saving vs January price cap (£1,758) | Saving vs April price cap (£1,641) | Exit fees | Availability |
|---|---|---|---|---|---|---|---|
| Outfox Energy | Fix’d Dual Feb26 12M v4.0 | 12 months | £1,509 | £249 | £132 | £75 per fuel | Direct via Outfox Energy |
| Fuse Energy | February 2026 Fixed (13m) V2 | 13 months | £1,515 | £243 | £126 | £50 per fuel | Uswitch.com, Confused and direct via Fuse Energy |
| Outfox Energy | Fix’d Dual Feb26 12M v3.0 – Family Advantage+ | 12 months | £1,519 | £239 | £122 | £75 per fuel | Direct via Outfox Energy |
| Fuse Energy | February 2026 Fixed (12m) V1 | 12 months | £1,527 | £231 | £114 | £50 per fuel | Uswitch, Confused and direct via Fuse Energy |
| Eon Next | Next Fixed 14m v13 | 14 months | £1,543 | £215 | £98 | £50 per fuel | Uswitch, Confused and direct via Eon Next |
| Ecotricity | EcoFixed – 1 Year Jan 26 v1* | 12 months | £1,572 | £186 | £69 | £75 per fuel | Uswitch.com, Confused and direct via Ecotricity |
| Sainsbury’s Energy | Sainsburys Fix and Save 16m v1 | 16 months | £1,588 | £170 | £53 | £50 per fuel | Uswitch.com, Confused and direct via Sainsbury’s Energy |
| Good Energy | Good Energy Fix Feb27 | 11 months | £1,607 | £151 | £34 | £50 per fuel | Uswitch.com, Confused and direct via Good Energy |
| Eon Next | Next Fixed 12m v112 | 12 months | £1,608 | £150 | £33 | £50 per fuel | Uswitch.com, Confused and direct via Eon Next |
| Sainsbury’s Energy | Sainsburys Fix and Reward Fixed 12m v68 | 12 months | £1,618 | £140 | £23 | £50 per fuel | Direct via Sainsbury’s Energy |
| Source: Uswitch.com. Prices are correct as of 9:00am on 2 March 2026. Tariffs included within the table are the cheapest non-bundle fixed tariffs, not variable or tracker. All energy tariffs and prices mentioned are subject to change without notice, and rates vary upon region. These are the cheapest tariffs available based on suppliers who have updated Uswitch with their rates. *requires customers to have a smart meter | |||||||
This is Money says: The best energy deal this week offers £249 of savings against the January price cap.
Suzanne Edwards, energy expert at Uswitch, comments: ‘With 29 fixed deals currently undercutting the price cap, now is the ideal time for households to take control of their energy costs and lock in a saving worth up to £249 a year.
‘If you haven’t fixed in a year or more, you’re probably on a standard tariff and paying more than you need to. Running a quick energy comparison is the best way to find out if you could lock in a cheaper rate.’
It pays to shop around, checking comparison websites as well as going direct to energy providers. Not every energy provider will be on every comparison platform. You can compare deals and sign up today at Uswitch*.
Keep in mind that the annual price quoted is only what the average household can expect to pay over the year. Your actual bill will depend on how much energy you use, so check the unit cost of energy when comparing tariffs.
In terms of unit costs under the January cap, the maximum that households on a default tariff are paying is 27.69p/kWh for electricity and 5.93p/kWh for gas, with standing charges of 54.75p and 35.09p respectively.
Should I fix my energy and switch providers?
Switching to a fixed tariff from a variable one could put more money in your pocket. It’s also worth thinking about fixing your energy if you like to know how much your bills will be each month.
Energy unit costs and standing charges stay the same over the length of a fixed contract, helping you budget.
Tim Jarvis, director general of markets at Ofgem, said we’re seeing signs of a healthier market for energy deals: ‘There are more people on fixed tariffs saving themselves money, switching is rising as options for consumers increase, and we’ve seen increases in customer satisfaction, alongside a reduction in complaints.’
Ofgem has also said that fixed tariffs, or paying by direct debit or smart pay, can help you save money.
Supplier EDF Energy gives longer–term predictions for how the cap might move. For July, it predicts that the cap will decrease to £1,635, but its confidence in this prediction is low.
Keep in mind that energy prices remain volatile – the market is easily influenced by international events and political tensions that can’t be forecast.
But fixing could at least help to provide some stability for your bills over the longer term.
Read more: The energy price cap should be scrapped, say industry experts
How many fixed energy deals are there?
According to comparison website Uswitch, there are a good range of fixed energy deals that are cheaper than the price cap.
While there are now fixed–rate energy deals that households can switch to that undercut the Ofgem price cap and save money, it’s taken a few years for providers to start offering them again.
Until the energy crunch arrived in late 2021, the advice was simple: households should switch energy providers regularly to get the best deal possible.
The cheapest deals were fixed–rate tariffs, with variable rates normally reserved for households that had reached the end of their cheap tariff and not switched.
But affordable fixed–rate deals began to vanish in autumn 2021, because wholesale energy prices started rising.
Many comparison sites then paused their energy switching services, energy providers stopped taking on new customers, and the common advice was that most people would be better off on deals subject to the Ofgem price cap.
This has left 22 million households lumbered with variable–rate deals.
With fixed energy tariffs returning to the market, switching energy provider could once again help you save money on bills.
Can my energy price increase on a fixed tariff?
Your energy provider can’t raise your unit cost of energy or standing charge while you’re on a fixed tariff.
Your bill could still move up and down depending on how much energy you use. If you use more, you’ll pay more.
It’s the standing charge and cost per unit of energy that’s fixed, not your overall bill.
Is now a good time to fix energy prices?
With savings of up to £249 a year available against January’s price cap for the average household, and winter bringing more energy usage and higher bills, now is a good time to consider fixing energy prices.
You could save money if you can find one that beats the current cap and forecasts for future changes. Be sure to consider how much the cap will move over the whole year, not just the next few months.
You can compare the best energy deals* for you based on your home and gas and electricity costs through This is Money’s recommended partner Uswitch.
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