Cheapest fixed rate energy now (UK) — August 2026 deals that beat the cap
The cheapest 12-month fixed deals on our live panel are typically priced below the £1,663 cap, several with no exit fees — run your postcode through the comparison on this page for today's exact prices.
- 7 fixed tariffs currently undercut the July 2026 cap
- Personalised prices based on your postcode and usage
- Check exit fees, standing charges and unit rates upfront
- Quick form fill — we’ll match you with eligible deals
EnergyPlus.co.uk is a UK home energy comparison service. Availability and prices vary by region, meter type and usage.
The cheapest fix today depends on where you live
Fixed-rate tables rank deals on a national average that matches almost nobody. Enter your postcode to see which fixes are genuinely available to you and what each would cost on your usage.
Free, whole-of-market and takes about two minutes. We only use your postcode to find your property.
The cheapest fixed rate energy deals right now (August 2026)
The table below shows the cheapest fixed deals we’re tracking for a typical dual-fuel household paying by Direct Debit. “Cheapest” for your home still depends on your postcode, meter type and usage — use the form to get a personalised comparison.
| Fixed tariff | Term | Typical annual cost | vs £1,663 cap |
|---|---|---|---|
| OVO 2-year Fixed | 24 months | £1,705 | −£157 |
| British Gas Fixed | 12 months | £1,719 | −£143 |
Typical figures are for a medium-use dual-fuel home paying by Direct Debit and are illustrative — your quote depends on your region and usage. Exit fees: Octopus £0; E.ON Next and EDF £25 per fuel (£50 dual fuel).
Get your cheapest fixed deal options
Complete this short form and we’ll compare fixed-rate tariffs for your home.
Already in a fixed tariff? Check your end date and any exit fees first. With the cap is £1,663 in July, locking in one of the sub-£1,650 fixes above could still work out cheaper even after a small exit fee.
What “cheapest fixed rate energy” usually means in the UK
Most people search for the cheapest fixed energy deal because they want predictable bills. In practice, the cheapest fixed tariff is usually the one with the best balance of:
- Competitive unit rates for your region
- Reasonable standing charges (especially important if you’re out during the day)
- Low or no exit fees, if flexibility matters (the Octopus 12M fix has a £0 exit fee)
- A term length that matches your plans (moving home, renovations, etc.)
Why fix your energy under the current price cap?
Beat the £1,663 current cap
Protection from further price rises
If wholesale prices climb again later in 2026, a fix holds your unit rates steady for the term. That can be valuable in volatile periods.
Clear comparison of true cost
Comparing fixed deals side-by-side makes it easier to weigh unit rates, standing charges and any exit fees before you switch.
Potential savings vs the cap
A typical home on the current cap could save roughly £200–£260 a year by moving to one of the cheapest fixes (depending on usage and region).
Better fit for your meter & lifestyle
Some fixed deals suit Economy 7, smart meters or EV charging better than others. Comparing whole-of-market helps you find a fit.
Switching is free and quick
A switch is free, takes around 5 working days, and works even without a smart meter — your supply is never interrupted.
How to get the cheapest fixed energy deal (step-by-step)
- Share your details — postcode, and your contact details so we can send you relevant options.
- We compare whole-of-market fixed tariffs — focusing on deals available for your home, region and meter type, including the sub-£1,663 fixes above.
- Review the key costs — unit rates, standing charges, contract term and any exit fees.
- Choose with confidence — if you decide to switch, you’ll know what you’re agreeing to and what it could cost over the year.
Tip: If you have a recent bill or online account, note your annual usage (kWh). Comparing on usage is the most reliable way to identify the true cheapest fixed rate for you.
What counts as a “fixed rate” tariff?
A fixed rate energy tariff is a contract where the supplier sets your unit rate (p/kWh) and standing charge for a fixed period (often 12–24 months). Your bill can still change if your usage changes, but the rate you pay per unit stays the same for the term (subject to the supplier’s terms). Remember the Ofgem cap is a unit-rate cap, not a total-bill cap — use more and you pay more.
Some tariffs may include perks (e.g. smart meter or EV charging programmes) or require a specific payment method. Always check the tariff information before switching.
What to check before choosing the cheapest fixed rate energy
The cheapest fixed deal on paper isn’t always the cheapest in real life. Use this checklist to avoid surprises and choose a tariff that works for your household. For reference, the July 2026 cap unit rates are 26.11p/kWh electricity (57.19p/day standing charge) and 7.33p/kWh gas (29.04p/day) — a good benchmark when comparing a fix.
| What to compare | Why it matters | Quick UK tip |
|---|---|---|
| Unit rate (p/kWh) | Directly affects the cost of every unit of energy you use. | Compare against the current cap (26.11p elec / 7.33p gas); a good fix should beat it. |
| Standing charge | A daily charge you pay regardless of usage. | Low-usage households should watch this closely (cap: 57.19p/day elec, 29.04p/day gas). |
| Contract length | Longer fixes can offer certainty, but may reduce flexibility. | If you may move soon, a shorter term or low exit fee can be safer. |
| Exit fees | Cost to leave before the end of the fixed term. | Octopus 12M is £0; E.ON Next and EDF charge £25 per fuel. |
| Meter type | Some tariffs require or exclude certain meters. | Economy 7 has day/night rates — compare both. |
| Payment method | Direct Debit vs pay on receipt can change pricing. | If you can pay by Direct Debit, you may see more fixed options. |
Regional pricing note: Energy prices vary across Great Britain due to regional distribution costs. The cheapest fixed rate energy in London may not be the cheapest in Manchester, Cardiff, Glasgow or rural areas.
Common mistakes when hunting for the cheapest fixed tariff
Comparing only the headline monthly amount
Your monthly Direct Debit can be an estimate. The real comparison is based on unit rate + standing charge and how much energy you actually use.
Ignoring standing charges
A tariff can have a low unit rate but a higher standing charge. For low usage homes, that can make it more expensive overall.
Waiting too long to fix
With the cap is £1,663 on 1 July, the cheapest sub-£1,650 fixes can sell out or reprice. If a deal suits you, acting sooner often locks in more saving.
Choosing the longest fix by default
Longer fixes can be great for certainty, but if prices fall you may be locked in. Consider your appetite for flexibility.
If you’re unsure which factors matter most for your household, start with the form at the comparison form and we’ll help you narrow down suitable options.
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Cheapest fixed rate energy now: FAQs
Yes — in August 2026 the cheapest fixes are around £200–£260 a year below the £1,663 current cap for a typical home. The cap is a unit-rate cap, not a total-bill cap, so the saving you actually see depends on how much energy you use. Compare on your real usage for the most accurate picture.
Yes. Energy prices vary across Great Britain due to regional network charges and other factors. That’s why we ask for your postcode — it’s essential for showing the cheapest fixed rate energy options available to you.
Switching is free and usually completes in around 5 working days. You can switch even without a smart meter, and your energy supply won’t be interrupted — only the billing changes.
If you’re out of contract or near the end of a fix, moving to a sub-£1,663 deal now locks in a lower rate before the 13% cap increase on 1 July. If you’re mid-contract, check your exit fees first and weigh them against the saving before switching.
Still deciding? Go back to the comparison form to request a personalised view of what’s available.
What UK households say about switching with EnergyPlus
“Clear breakdown of unit rates and standing charges — made it easy to spot the real cheapest fixed option for our usage.”
— Sarah, Leeds
“We fixed just before the current cap rise and locked in a rate well under £1,663. The comparison made the exit-fee maths simple.”
— Mark, Bristol
“Fast form, no jargon. We found a fixed deal that suits Economy 7 and our night-time usage.”
— Aisha, Glasgow
Trust & transparency: We focus on showing the key tariff costs that influence your bill. Always review supplier terms before agreeing to a switch.
Ready to beat the current cap with a cheaper fixed rate?
Complete the form and we’ll compare whole-of-market fixed tariffs for your home, with unit rates, standing charges and key terms clearly shown — including the sub-£1,663 deals available now.
Home energy only. Prices and availability vary by region, meter and payment method.
Quick checklist before you switch
- Find your current tariff end date
- Check exit fees (if any)
- Note your annual kWh usage (if available)
- Confirm your meter type (standard / smart / prepay / Economy 7)
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