The Energy Price Cap sets a limit on the maximum amount suppliers can charge households on standard or default variable tariffs (essentially everyone not currently on a fix).
British Gas, EDF, EON, Ovo, Octopus customers £233 richer with one change
British Gas, EDF, EON, Ovo and Octopus customers could save £233 a year with the cheapest energy tariffs available. The Energy Price Cap sets a limit on the maximum amount suppliers can charge households on standard or default variable tariffs (essentially everyone not currently on a fix).
But there’s no actual cap on what you pay, so if you use more, you pay more. The Price Cap changes every three months and, from October 1, sees households who pay for gas and electricity face a rise by 2% on average.
Will Owen, energy expert at Uswitch.com, said in a warning for UK consumers: “With bills going up as the October price cap takes effect, now is a great time to lock in a cheaper rate.
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“Households could save around £233 a year by switching to the cheapest fixed deal on the market. There are plenty of competitive fixed offers available on the market from both large and small suppliers, such as Fuse Energy’s special deal with Uswitch, offering savings of £185 per year.
“IIf 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.”
According to Uswitch, the cheapest current tariff is offered by Outfox Energy, with its “Outfox the Price Cap – Oct 2025 – 12M v9.0” plan.
It costs £1,522 a year on average, saving households £233 annually against the price cap. This 12-month fix is available directly through Outfox the Market, with exit fees of £75 per fuel.
Owen said: “Locking in a cheaper tariff now could offer peace of mind for the year ahead – and leave you with more in your pocket by next winter.”
