How can I find the cheapest energy tariff now that the Ofgem price cap has dropped?

To find the cheapest UK home energy tariff after the Ofgem price cap drop, compare tariffs using trusted comparison tools or directly on your supplier's website. Make sure to check both fixed and variable rate deals, and consider your annual usage for the most accurate quotes.

Is it better to switch to a fixed or variable energy tariff after a price cap change?

A fixed tariff offers price stability over a set period, protecting you from future price rises, while a variable tariff may be cheaper initially but can change if the market shifts. After a price cap drop, fixed tariffs can offer peace of mind, but compare both to get the best deal for your needs.

Are there any penalties for switching energy suppliers after the cap changes?

Some fixed-term energy tariffs may include exit fees if you switch before the contract ends. Always check your current plan's terms before switching. Many variable tariffs are fee-free, allowing you to switch at any time.

How often does the Ofgem price cap change?

Ofgem reviews the energy price cap every three months (quarterly), so tariff prices may change several times a year. Regularly reviewing your tariff ensures you don't miss out on the best deals.

Will switching energy suppliers affect my home's energy supply?

No, your gas and electricity supply remains constant when you switch suppliers. Only the company that bills you changes. There is no interruption to your energy supply during the switching process.

How long does it take to switch my energy supplier?

Switching energy suppliers usually takes between 5 to 21 days. You’ll be kept updated during the process, and most switches happen seamlessly without any action required on your part.

How to Find the Cheapest UK Home Energy Tariff After Ofgem Cap Drop

Unlock real savings and get clarity in 2024 – our expert guide shows you how to compare and switch to the best-value gas and electricity deals for your household.

What the Ofgem Price Cap Drop Means for UK Homeowners

In 2024, Ofgem lowered the energy price cap for UK households, bringing new opportunities to cut your gas and electricity bills. But with energy tariffs still confusing, simply waiting on the cap isn’t enough – to maximise your savings, you need to be proactive and find the cheapest home energy deal available.

1. Review Your Current Tariff

Start by checking your most recent energy bill or logging into your supplier’s online portal. Key details to locate:

Your current tariff’s name (e.g., variable or fixed rate)
Your annual usage in kWh (find in bill summary)
Unit rates and standing charges you’re paying

This info is vital for accurate comparisons and securing a cheaper deal.

2. Use a Trusted UK Energy Comparison Tool

Comparison sites like Energy Plus aggregate market deals, letting you:

Compare tariffs from leading suppliers all in one place
See real annual cost estimates based on your usage
Filter by fixed, variable, or green energy options
Switch instantly, often with exclusive bonuses or cashback

Compare Energy Tariffs Now

3. Watch Out for Hidden Fees & Contract Small Print

Before switching, always review:

Exit fees (for fixed deals – typically up to £60 per fuel)
Length of any fixed-term tariff
Any smart meter or direct debit requirements
Eligibility for online bill management discounts

No supplier should ask for upfront payment to switch. All UK home switches are protected by Ofgem’s regulatory rules.

4. Switch – and Start Saving Instantly

Once you choose a tariff, the new supplier will handle the switch and you’ll keep your supply without interruption. There’s usually a 14-day cooling-off period, so if circumstances change, you can cancel at no penalty.

No engineer visit required, unless you’re upgrading to a smart meter
Switching takes about 3-5 weeks to complete fully

Tip: Compare deals at least once a year, or when the cap moves, as the market frequently changes.

Ready to cut your home energy bills?

Take advantage of the Ofgem cap drop – check the latest tariffs with Energy Plus and switch in minutes!

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FAQs: Finding Cheap UK Home Energy Tariffs

The cap limits the maximum amount suppliers can charge on standard variable tariffs. In 2024, the cap dropped, reducing default rates – but better fixed and online deals may be available if you compare.

Yes. All switches use Ofgem’s Energy Switch Guarantee – there is no risk to your supply and your new supplier manages the transfer for you.

Most switches lead to significant savings, especially after the cap drops. However, check unit rates, standing charges, and any exit fees to ensure overall savings.

Prepayment customers are also covered by the price cap. Some suppliers offer better prepay rates, so run a comparison, and consider if you can switch to a credit meter for more options.

Get Expert Home Energy Switching Advice

Still have questions? Our UK-based team is ready to help you find the cheapest energy deal for your home. Contact us and start your switch today to make the most of the lower price cap.

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Additional Tips: Maximise Your UK Home Energy Savings

Give regular meter readings or install a smart meter for accurate billing
Consider dual fuel deals for extra discounts
Check whether green energy tariffs are competitively priced
Look for cashback offers or switching bonuses online

Back to Energy Cost Saving Advice

Updated on 16 Dec 2025