Energy comparison site Uswitch says households can still secure fixed tariffs below the April price cap
Households worried about soaring energy prices after turmoil in global markets are being told not to panic – because a wave of competitive fixed deals is still available.
Energy comparison site Uswitch says families can still lock in tariffs below the coming April price cap, despite a week of market chaos that saw dozens of deals disappear. The cheapest 12-month fixed tariff currently available is £1,640 a year for a typical household from Outfox Energy. Once Government policy changes take effect in April – removing some levies from bills – the deal is estimated to cost around £1,512, roughly £129 cheaper than the April cap of £1,641.
Meanwhile, the cheapest two-year deal, from EDF Energy, is priced at £1,772 today and could fall to about £1,644 from April once levies are stripped out. The tariff also includes 100 hours of free electricity for customers switching via Uswitch.
Experts say the availability of these tariffs suggests the market may be steadying after a volatile week that saw suppliers repeatedly pull and reprice deals. However households are being urged not to rush into the first tariff they see but instead to shop around.
Richard Neudegg, director of regulation at Uswitch, said: “We’ve seen some high-profile warnings of ‘market turmoil’ this week, but it’s important to separate uncertain predictions from what options are actually available to consumers.
“Tariffs being removed, repriced, or replaced isn’t unusual. The main difference this past week is that prices have been creeping upwards as suppliers have reacted to changes in wholesale prices. While it’s still early days, and we may see more movement yet, these early signs indicate that the market is likely moving towards finding its feet again.
“Despite all the noise, households shouldn’t feel pressured into just taking any fixed deal, but taking a good fixed deal is worth considering.”
Middle East conflict driving price jitters
Energy markets have been shaken by the escalating conflict in the Middle East, which has pushed wholesale gas prices higher.
Tensions surged after air and missile strikes by the US under President Donald Trump and Israel on targets inside Iran, triggering retaliatory missile and drone attacks across Gulf states and threatening key oil and gas infrastructure.
The flare-up has worried traders who fear disruption to shipping routes and energy supplies through the Gulf – a critical artery for global energy markets. That shock fed quickly into wholesale gas prices, prompting suppliers to pull dozens of tariffs from sale and reprice others higher while they assessed the risk.
At one point the number of fixed tariffs available across the market fell from 39 to just 15 within a matter of days.
July price cap warning
Analysts at consultancy Cornwall Insight have already warned that if wholesale prices remain elevated the energy price cap could climb to around £1,801 in July. But experts say it is far too early to know whether that rise will materialise.
In the meantime, the market has shown signs of stabilising with some suppliers quietly reducing prices again in the past 24 hours. Mr Neudegg added: “The fact that we’ve seen a significant price drop today from Fuse Energy, alongside competitive two-year fixed deals from EDF, suggests that the initial shock is beginning to settle.”
Table: Cheapest fixed energy tariffs
Supplier
Tariff
Fix
duration
Average annual bill
Saving vs currentJanuary price cap (£1,758)
Estimated average annual bill after Gov levy cuts from 1 April*
Savings from 1 April vs April price cap (£1,641) incl. levy removal
Exit fees
Availability
Outfox Energy
Fix’d Dual Mar26 12M v3.0
12 months
£1,640
£118
~ £1,512
£129
£75 per fuel
Direct via Outfox Energy
Fuse Energy
March 2026 Fixed (13m) V7
13 months
£1,648
£110
~ £1,582
£59
only RO removed
£50 per fuel
Uswitch.com, Confused and direct via Fuse Energy
Outfox Energy
Fix’d Dual Mar26 12M v3.0 – Family Advantage+
12 months
£1,664
£94
~ £1,536
£105
£75 per fuel
Direct via Outfox Energy
Fuse Energy
March 2026 Fixed (12m) V6
12 months
£1,666
£92
~£1,600
£41
only RO removed
£50 per fuel
Uswitch.com, Confused and direct via Fuse Energy
EDF Energy
Simply Fixed 2Yr Mar28v3
24 months
£1,772
+Plus 100 hours of free electricity via Uswitch**
-£14
~ £1,644
-£3
£75 per fuel
Uswitch.com, Confused and direct via EDF Energy
E.ON Next
Next Fixed 12m v114
12 months
£1,781
-£23
~ £1,653
-£12
£50 per fuel
Uswitch.com, Confused and direct via E.ON Next
So Energy
So Spruce Two Year – Green
24 months
£1,872
-£114
~ £1,744
-£103
£75 per fuel
Direct via So Energy
British Gas
Fixed Tariff Mar27 v2
12 months
£1,889
-£131
~ £1,761
-£120
£75 per fuel
Uswitch.com, Confused and direct via British Gas
Utility Warehouse
UW Fixed Start 77
12 months
£1,898
-£140
~ £1,770
-£129
£75 per fuel
Uswitch.com, Confused and direct via Utility Warehouse
Co-op Energy
Co-op Community Power 12M Fixed March 2026 v3
12 months
£1,899
-£141
~ £1,771
-£130
£75 per fuel
Direct via Co-op Energy
Octopus Energy
Octopus 12M Fixed March 2026 v3
12 months
£1,899
–£141
~ £1,771
-£130
£75 per fuel
Direct via Octopus Energy
Source: Uswitch.com. Prices correct as of 2.30pm on 6 March 2026. Tariffs included within the table are the cheapest non-bundle fixed tariffs, not variable or tracker. All energy tariffs and prices mentioned are subject to change without notice, and rates vary upon region. These are the cheapest tariffs available based on suppliers who have updated Uswitch with their rates.
*Estimated annual bill for average household with typical usage, removing the cost of levies outlined by the government, taking effect from 1 April.
If RO is being removed = approx £66 reduction excl. VAT
If ECO is being removed = approx £62 reduction excl. VAT
** 100 hours of free electricity when you switch to this deal, only via Uswitch
What it means for households
The current price cap of £1,758 falls to £1,641 in April, partly because the Government is removing some levies from bills. Uswitch says six tariffs are now priced at or below that level, giving households a chance to secure certainty while the market remains volatile.
For families worried about further turmoil in energy markets, fixing now could provide protection if wholesale prices surge again later in the year.
