Energy tariffs will rise in October: how to save on heating this winter.

According to The Sun: Energy prices will rise from October to an average level of £1,755 per year.

This is 2% more than the current cap, meaning households will pay £35.14 more per year.

New Utility Warehouse tariffs

By choosing a fixed tariff, you can save several hundred pounds compared to standard tariffs.

Utility Warehouse offers new energy tariffs called Fixed 60 and Fixed Saver 60.

The prices for Fixed 60 and Fixed Saver 60 are £1,650 and £1,620 respectively.

Both tariffs can be signed for a term of up to 12 months and are over £100 cheaper than the new energy price cap.

Utility Warehouse is a multi-functional provider that offers a single platform for your energy deal and various insurances.

This simplifies managing your bills and helps find and compare the best deals.

The main difference between Fixed 60 and Fixed Saver 60 tariffs lies in the requirement: the latter can only be arranged if you connect two or more services from Utility Warehouse.

These additional services may include a mobile phone contract or a Cashback Card.

“While other energy providers use the price cap as a benchmark for pricing, we do it differently,” said David Walter, UW's Commercial Director. “Utility Warehouse consistently provides energy bills below the price cap when customers bundle services with us. And we offer additional savings opportunities this autumn with our Cashback Card and unlimited SIM card offers.”

Utility Warehouse bundled offer

Utility Warehouse bundled offer

Utility Warehouse helps its customers save more with new tariffs and incentives when they bundle their services.

As part of the Fixed Saver 60 tariff, you can connect a mobile phone contract.

For £23 per month, you get three SIM cards with unlimited data, texts, and calls until March 2026.

To save even more, the multi-functional provider also offers a Cashback Card.

This card provides up to 10% cashback at various retailers such as Sainsbury's, Primark, and Boots.

The earned cashback accumulates in a separate account and can later be used as a credit against your other bills.

Remember, do not spend more than you can afford. Debt repayment costs may exceed the benefits of cashback.

• Visit uw.co.uk/energy to learn more.

How does the fixed price cap work?

Ofgem announces the energy price cap every three months.

For consumers, this is an indicator that shows the cost of energy compared to the previous three-month period.

For energy suppliers, it is the upper limit on which they can set the price per unit of gas and electricity.

This should not be perceived as a ceiling on your bills, as they depend on your consumption.

For fairness, the current price cap, which will be £1,755 from October, is based on the average annual energy consumption of a household at 2,900 kilowatt-hours of electricity and 12,000 kilowatt-hours of gas.

That is, if you consume more than this, your bills will exceed £1,755 per year. If you consume less – your bills will be cheaper.

What is the fixed price cap?

The fixed price cap locks in the price for your energy for a certain period, usually for one or two years.

This means that if Ofgem reviews the price cap, your energy bills will not change.

If energy prices rise, you will be protected from tariff increases; if they fall, it may be more beneficial for you to choose a variable tariff.

Terms:

*Unlimited Max tariff: Exclusively for new mobile customers. Requires 1 SIM Unlimited Max for £23. Free services on up to 3 additional SIM cards until March 31, 2026; thereafter, standard charges for each apply. There may be limits on payment for usage above the limit. Existing number transfer required. See terms and fair usage policy.**Cashback Card credit: Exclusively for new UW customers who are homeowners. Welcome bonus (£50-£150) depends on the bundled services chosen at sign-up (does not include home insurance). Direct debit payment required. A 12-month return term applies in case of cancellation of bundled services. For £100/£150 bonus bundled services, energy or broadband services are required. For full terms, see here.

The rise in energy prices will be a challenge for many households, so it is worth considering choosing fixed tariffs that can provide some stability in costs. Utility Warehouse offers various tariff options that can reduce the financial burden during this challenging period. Visit supplier websites, compare tariffs, and choose the optimal solutions for your needs.