Compare UK gas and electricity tariffs for Q3 2026 (from 1 July 2026). The Ofgem Energy Price Cap is £1,663/year for a typical dual-fuel household — electricity capped at 26.11p/kWh, gas at 7.33p/kWh. Analysts forecast the Q4 2026 cap (from 1 October) to rise to £1,701–£1,747/year. Utility Warehouse's Fixed Saver tariff is £50 below the current cap, with 100% renewable electricity included as standard. Switching is free and your supply is never interrupted under the Ofgem Energy Switch Guarantee.
Electricity unit rates based on Ofgem TDCV 2,700 kWh/year. Rates vary by region — get a personalised quote for your postcode. Last updated: July 2026.
| Supplier | Tariff | Electricity unit rate | Standing charge | Est. annual (elec) | vs Ofgem cap |
|---|---|---|---|---|---|
| Octopus Energy | Flexible (Tracker) | ~24.50p/kWh | ~61p/day | ~£722 | Variable |
| Octopus Energy | Fixed 12M | ~21.20p/kWh | ~61p/day | ~£762 | −£105/yr vs cap |
| E.ON Next | Next Fixed 12M | ~21.50p/kWh | ~61p/day | ~£773 | −£83/yr vs cap |
| British Gas | Fixed 12M | ~22.00p/kWh | ~61p/day | ~£792 | −£60/yr vs cap |
| OVO Energy | Fixed 12M | ~22.50p/kWh | ~61p/day | ~£809 | −£38/yr vs cap |
| Ofgem Price Cap | Standard Variable | 26.11p/kWh | ~61p/day | £1,663/yr | Benchmark |
| UW Fixed Saver ★ | Fixed Saver (dual-fuel bundle) | Competitive rate | Bundle discount | £50 below cap | £50 below cap · 100% renewable |
Indicative rates only — Ofgem TDCV 2,700 kWh/yr electricity basis. UW Fixed Saver requires 2+ bundled services. Rates vary by region and meter type.
With the Ofgem cap forecast to rise from £1,663 to £1,701–£1,747 in October 2026, fixing now locks in current unit rates — typically 21–22p/kWh on competitive fixed tariffs vs. the cap rate of 26.11p/kWh. Utility Warehouse's Fixed Saver requires bundling with at least two other services (e.g. broadband and mobile) to unlock the £50 cap discount.
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