Millions of households across the UK are being urged to take swift action to shield themselves from rising energy costs. Customers of major suppliers like British Gas, EDF, E.ON, Ovo, and Octopus could save around £272 a year by completing a simple 10-minute comparison and switch.
Time is Running Out Before January Price Hike
The urgent call comes ahead of the next increase to the Energy Price Cap in January 2026. Experts warn that waiting could be costly, as locking in a competitive fixed-rate deal now can protect against the imminent hike. Will Owen, an energy expert at Uswitch.com, stated: “Households could save around £272 a year versus the January price cap by switching to the cheapest fixed deal on the market.”
He added a crucial warning for those who haven't reviewed their tariff recently: “If you haven’t fixed in a year or more, you’re probably on a standard tariff and paying more than you need to.” This sentiment is echoed by Martin Lewis's MoneySavingExpert team, which labels the Price Cap a 'Pants Cap' because cheaper fixed deals are widely available.
Top Deals Offering Major Savings Right Now
Current market analysis reveals several standout offers for consumers willing to switch. The market leader is Fuse Energy, which offers a thirteen-month fixed deal setting a typical annual bill at £1,486. This represents the full £272 saving compared to the upcoming cap.
For those preferring a standard contract length, Fuse also provides a twelve-month fix that saves approximately £249. Other competitive suppliers include:
- Outfox the Market: Its 'Merry Fix-Mas' and 'Fix’d Dual' tariffs could cut bills by £239 and £237 respectively.
- So Energy: Offers a green energy fixed tariff with potential savings of £203 per year.
- Ecotricity and Sainsbury's Energy: Also have tariffs saving customers £186 and £165 versus the cap.
Real Savings and How to Get Them
The potential impact is not just theoretical. One MoneySavingExpert reader reported: "I saw your email about checking energy suppliers. I'm paying £154 a month, but once the switch is done, I'll be paying £115." This highlights the tangible difference a quick check can make.
With about two-thirds of homes still on standard variable tariffs, the opportunity for widespread savings is significant. The MSE team advises using tools like their Cheap Energy Club for a bespoke comparison or consulting their 'Should you fix?' guide for detailed help. The key message is clear: a few minutes spent comparing deals before January could secure hundreds of pounds in savings for the year ahead.
