Millions of households across Britain are being advised to consider a swift switch from their current energy providers, as a major new deal promises significant savings against the upcoming price cap.
A Competing Offer
Energy rival E.ON Next has launched a new fixed-rate tariff that is currently shaking up the market. Their Next Fixed 12m v104 product is now positioned as the cheapest 12-month fixed deal available from all major suppliers. This tariff is a direct challenge to the standard variable rates offered by giants like British Gas, OVO, and Octopus.
The numbers speak for themselves. For a typical dual-fuel household, the E.ON Next tariff is priced at £1,588 per year. This stands in stark contrast to the new Ofgem Energy Price Cap, which will be set at £1,758 for the period from 1 January to 31 March 2026. This difference translates to an immediate potential saving of £170 for consumers who make the switch.
Understanding the Deal and How to Switch
It is important for consumers to be aware of all the details. The E.ON Next tariff does include an exit fee of £50 per fuel, meaning you would incur a charge if you left the fixed contract early. The quoted savings are based on Ofgem's medium use typical domestic consumption values, which are 2,700 kWh for electricity and 11,500 kWh for gas.
This pricing information was correct as of 4pm on 21 November 2025 and is an average across all 14 UK regions for customers with standard meters paying by Direct Debit. Availability is subject to eligibility criteria, and final savings depend on individual household usage.
Taking Action for Lower Bills
The process of switching suppliers has been designed to be simple and hassle-free. Your gas and electricity supply remains exactly the same; only the customer service and billing change. The supply is never interrupted, and no engineer visit is required unless you are specifically requesting a smart meter installation.
If you find a better deal, you can initiate the switch online or over the phone. Your new supplier will manage the entire process, so there is no need to contact your old provider. A key final step is to take a meter reading just before your switch completes to ensure accurate final billing.
