Fix with UW now to avoid the rising price cap

11 August 2022 - Cornwall Insight, one of the leading energy market analysts, has revised its forecast for the October and January price cap - with forecasts suggesting an 81% rise in October. This means the typical household energy bill will reach £3,589. And in January, when the price cap reverts to quarterly, there will be a further 19% rise according to Cornwall Insight. This would take bills to £4,266 per year for the average household. 

This is another headache for consumers as the cost of living crisis continues to bite. These revised forecasts will have households revisiting their budgets and spending plans for the rest of the year with further pressure on their pockets. 

But there is a way for consumers to take steps to insulate themselves from the forthcoming price rises. While most energy-only suppliers are only able to offer prices at the price cap, the UK’s only multiservice supplier, Utility Warehouse, is committed to offering variable energy prices up to 5% below the price cap. But the savings don’t stop there. UW’s latest fixed price offer provides customers with a way to make substantial savings against future price cap rises - right through August 31st 2023. 

New and existing UW customers, who take two or three other services, will be able to fix their energy at a cost of £3,150 a year for the average customer - until 31st August 2023. 

This represents a £432 saving against the incoming October price cap and including the universal £400 rebate from the government, this is effectively an £832 saving against the impending price cap in October. Looking ahead to the January price cap, consumers who fix with UW now will be able to save more than £1,100 against current forecasts.

And the savings don’t stop there. Multiservice UW customers are able to access further savings. UW offers the unique Cashback Card, a prepaid debit card that gives customers cashback up to 10% on purchases at selected retailers and customers who take two or more services can access a further 1% cashback everywhere they spend. The money earnt comes directly off the monthly utility bill. 

UW customers can also take advantage of further discounts and savings on other services and products. As UW spreads its cost over a number of essential household services, our customers can take advantage of great broadband, mobile, and insurance deals. Such as:

• Superfast broadband prices starting at just £21.60 for new multiservice customers - including a 10% discount for taking both broadband and mobile 

• Great value mobile SIMs starting at £12 a month for 5GB of data, with unlimited texts and calls or just £18 for unlimited data, texts, and calls. 

• 5* Defaqto rated boiler and home cover for just £18 a month.