Energy suppliers cutting unit rates in February 2026: compare & switch

Compare home energy deals after February 2026 unit rate cuts

When suppliers cut unit rates, it can create a short window where newer tariffs undercut older fixed deals—or where a competitive fixed tariff returns after a period of higher prices. The only reliable way to know is to compare based on your postcode, meter type and typical usage.

EnergyPlus.co.uk is a whole-of-market comparison service for UK households. Complete the form and we’ll help you find options that match what you actually need—whether that’s price certainty, flexible terms, or tariff features that suit your home.

Unit rates can fall while bills don’t

If your home uses more energy (winter heating, electric heating, longer evenings), your total bill can still be higher even with a lower unit rate.

Standing charges matter

A tariff with a cheaper unit rate may have a higher daily standing charge—often impacting low-usage homes most.

Deals are regional

Electricity prices vary by distribution region. Your postcode is essential to see accurate prices and estimated annual costs.

Spot better value faster

We compare estimated annual cost, not just headline unit rates—so you can see value for your usage pattern.

Avoid rolling onto costly rates

If your fixed deal ends soon, you may move to a more expensive standard variable tariff. Comparing ahead of time helps prevent surprises.

Choose the right level of certainty

Rate cuts can make fixed deals more attractive again. If you prefer stability, you can compare fix lengths and terms.

Check exit fee trade-offs

If you’re mid-contract, switching may still be worthwhile—or not. We’ll help you weigh savings against any fees.

See tariffs that fit your meter

Standard, smart and prepayment meters can have different availability and pricing. We surface options relevant to your situation.

Keep it household-focused

This page and comparison are for home energy customers. If you have a business supply, you’ll need a separate business quote.

What we need to price accurately

• Your postcode (to identify your region)
• Whether you want dual fuel (gas + electricity) or single fuel
• Your meter type and payment method

Common misconceptions

• “A unit rate cut means everyone’s bill drops by the same amount”
• “The cheapest supplier nationally will be cheapest for me”
• “Standing charges are always the same”

Will my supplier automatically cut my unit rate in February 2026?

Not always. Some suppliers apply changes to certain tariffs only. If you’re on a fixed tariff, your unit rate may stay the same until the contract ends (unless your supplier offers a change or upgrade). Comparing available tariffs is the quickest way to see alternatives.

Is switching risky during a period of falling rates?

It depends on your priorities. A fixed deal can protect you if prices rise, while a variable deal can benefit if prices fall further. The best choice depends on your budget, contract terms, and whether you’d pay an exit fee to switch.

Do unit rate cuts apply to gas and electricity?

Some changes affect both fuels, but not necessarily by the same amount. Suppliers can reprice gas and electricity differently depending on cost drivers and tariff structures.

What information do I need to compare tariffs?

A postcode is essential. If you have it, bring your current unit rates and standing charges, your tariff end date, and a recent bill showing usage. If not, you can still start with your contact details and postcode using the form above.

Can renters switch energy supplier?

Often, yes—if you pay the energy bills and the account is in your name. If bills are included in rent or the landlord manages the account, you may not be able to switch. We can help you understand what’s possible.

How long does a switch take?

Timings vary by supplier and circumstances. In many cases, a switch completes without interruption to supply. You’ll keep receiving energy as normal throughout.