ENERGY bills are set to increase from October to an average of £1,755 a year.
This is a 2% increase from the current cap, and households will pay an average of £35.14 more on bills a year.
New Utility Warehouse energy tariffs
You can save money by locked into a fixed deal which can be hundreds of pounds cheaper than standard tariffs.
Utility Warehouse is one option for energy customers with its 60 and Fixed Saver 60 deals.
Its Fixed 60 and Fixed Saver 60 options are priced at £1,650 and £1,620 respectively.
Both options can be fixed for up to 12 months and are over £100 cheaper than the incoming energy price cap.
As a multi-service provider, Utility Warehouse offers a single platform for your energy deal and various insurances.
Not only is this supposed to make managing your bills easier, but it is also supposed to help you find and compare the most affordable deals.
The main difference between the new Fixed 60 and Fixed Saver 60 energy deals is that the latter can only be taken out if you combine two or more services with Utility Warehouse.
These additional services can be a mobile phone contract or a Cashback Card.
Speaking about the new offerings, David Walter, chief commercial officer at UW, said: “While other energy suppliers use the price cap as a pricing guide, we do things differently.
“Utility Warehouse consistently offers energy bills below the price cap when customers bundle with us. And we’re supercharging savings this autumn with our Cashback Card and Unlimited Max mobile SIMs offers.”
Utility Warehouse Bundle Deal
Utility Warehouse is helping its customers save more with new energy tariffs and incentives when they bundle their services.
As part of the Fixed Saver 60 energy deal, you can add a mobile phone contract.
For £23 a month, you can add three SIMs that offer unlimited data, texts, and calls until March 2026*.
To save even more money, the multi-service provider also offers a Cashback Card**.
It offers up to 10% cashback at various retailers – like Sainsbury’s, Primark and Boots, to name a few.
Cashback builds up in a separate account and is eventually used as credit against your other bills.
Remember, never spend beyond your means. Interest repayments on debt can outweigh any perks you receive in cashback.
- Visit uw.co.uk/energy to learn more.
How does the fixed price cap work?
Every three months Ofgem announces the energy price cap.
To consumers, this is a figure which illustrates the cost of energy, particularly when compared to what it stood at in the previous three months.
To energy providers, it’s a cap on how much they can charge for each unit of gas and electricity.
It shouldn’t be misinterpreted as a limit on your energy bills, which are still dependent on your usage.
The current price cap– which is rising to £1,755 from October – is based on a household’s annual energy consumption of 2,900 kilowatt hours of electricity and 12,000 kilowatt hours of gas.
That means if you use more energy than this, you’ll pay more than £1,755 in energy bills each year. Use less, and your bills will be cheaper.
What is a fixed price cap?
A fixed price cap locks in the price of your energy over a period, usually one or two years.
This means when Ofgem next reviews the energy price cap, your energy bills will be unaffected.
If energy prices rise, then you’ll be protected from an increase in your bills, but if they fall, you might have been better off on a variable tariff.
Terms and conditions:
*Unlimited Max tariff: New mobile customers only. 1 Unlimited Max SIM at £23 required. Inclusive allowance free on up to 3 additional SIMs until 31 March 2026, then standard charge p/m each. Out-of-allowance usage charges apply. Porting of existing number required. See terms & fair use policy.
**Cashback Card Credit: New UW homeowner customers only. Welcome Bonus (£50-£150) based on Bundle Services taken at sign-up (excludes Home Insurance). Direct debit required. 12-month clawback applies if Bundle Services cancelled. Energy or Broadband required for £100/£150 Bundle Service bonus. For full terms click here.
