Energy firms hike tariffs ahead of winter – here's how to slash your bills NOW

There are now just five tariffs available for under £1,000 a year, according to new research from

The consumer group says this is down from 21 tariffs at the start of September. adds that the cost of the cheapest one-year fix has also jumped by £49 a year since the start of September to £980.

It says rising prices are a result of suppliers being squeezed by rising wholesale costs – the price energy suppliers pay for gas and electricity – and watchdog Ofgem's energy price cap.

The price cap, which comes into force on January 1, 2019, will see typical dual fuel users pay no more than £1,137 a year for energy.

SPONSORED: How to switch suppliers and save £100s

1. Switch and save up to £300 – Use a comparison site like or to find the best deals.

2. Get cashback – Before you move onto a new deal check whether you can get cashback via a website like TopCashback or Quidco.

3. Sign up to Switchcraft, get £5 cashback and never worry about switching again – New free-to-use automatic energy switching service Switchcraft moves you on to the cheapest energy deal. It then searches for better ones once you're signed up and moves you onto them automatically. £5 cashback is paid into your bank account within 4 months of completing the switch. Pre-paid meter customers will receive a £5 Amazon voucher. Promotion ends 31/12/18. Open to those 18 and over. UK residents only. Click here for full T&Cs. News UK has a brand partnership with Switchcraft.

Sign up to Switchcraft for free and get £5 cashback – here

Ofgem reckons this will save the average household around £76, with a typical customer on the most expensive tariffs saving £120.

But with winter coming, don't wait until January and rely on the cap to cut your costs – take action NOW.

Follow the advice in our box out above to see if you could save hundreds by using a comparison service to check if you can switch and save – AND earn cashback on top.


With the nights drawing in and the weather starting to get colder, also check out our 19 tips to cut your energy bills and how to make the most of your tariff.

Insulating your home is one of the most effective ways to cut the bills, and some customers can even get it done for free.

You can also save cash on your electricity bills by cutting your usage with these simple steps.

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