Fix now to save against the impending Price Cap rise

04 August 2022 - One of the leading energy market experts, Cornwall Insights, latest forecast suggests that the October price cap is set to rise even further than anticipated. The latest forecast shows that the October price cap could rise by 70%, to around £3,359 per year on typical bills. Perhaps more worryingly, the next quarter’s price cap rise could take bills to around £3,615 in January. 

With the cost-of-living rising in other areas as well, this price cap rise will mean more financial pressure on consumers when their budgets are already being squeezed massively. 

With most energy suppliers only able to offer prices at the price cap, Utility Warehouse (UW), the UK’s only multiservice supplier, is committed to offering variable energy prices up to 5% below the price cap. But we’re also going beyond that by providing customers with the opportunity to  beat future price cap increases by fixing their energy. 

UW customers, who take two or three other services, will be able to fix their energy at a cost of £2,950 a year for the average customer - until 31st August 2023. This represents a £408 saving against the price cap and including the universal £400 rebate from the government, this is effectively an £808 saving against the impending price cap.

And UW multiservice customers - new and existing - can supercharge their savings with the UW Cashback Card. The prepaid debit card offers customers up to 10% cashback on purchases at participating UW retail partners. Customers who take two services or more can also qualify for 1% cashback everywhere they spend, with the money earnt coming directly off their monthly utility bill. 

And the savings don’t stop there. As well as accessing a saving on energy and with the Cashback Card, customers will also be able to take advantage of savings elsewhere. 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.