UW's energy price comparison
Latest update: October 2021
You’ll have struggled to miss the recent headlines. Hikes in wholesale energy costs are having a huge impact on consumer energy prices, and the industry as a whole. Since January 2021, wholesale costs have gone up 250%, and it has led to a number of energy suppliers going bust.
It’s not a good position for the country, with many customers left confused and sometimes with far higher energy bills. But UW are in a stable and secure position to keep offering competitive energy tariffs for the long-term.
In fact, now the Government's most recent price cap has come into effect, you’ll find we’re now better value than ever compared to other suppliers. And we still guarantee you’ll pay less than the price cap*.
Scroll down to see how we compare, or find out more about the energy crisis below.
The legal bit
* Our Energy Price Guarantee applies to customers on Direct Debit and does not apply to our Green Fixed tariff. When any changes to the Government’s energy price cap level are made, we will adjust our own tariffs to ensure they comply with our Guarantee for the date the new price cap level is introduced.
The legal bit
*Source: Energy Linx
Based on a typical annual consumption of 2,900 kWh electricity and 12,000 kWh gas across all 14 regions.
***Terms and conditions apply for the smart £50 bonus. Find out more here
Maybe you want the peace of mind of knowing what you’re going to pay over the next 12 months with our Fixed tariff, and want to protect against further price increases.
Or perhaps you want to pay less today by choosing our Variable tariff.
We offer our best value to those customers who take all their home services with us - the more services you take, the more you save.
In addition to our great value tariffs, every customer who switches their energy, broadband and mobile to UW – whether on a Fixed or a Variable tariff – will also benefit from 100% renewable electricity.
What’s more, we’ll plant a tree in your name in the UW Woodland in the Brecon Beacons, where we’ve already planted well over 100,000 trees.
And if you decide to take a free smart meter, we’ll give you an extra £50***.
Wholesale energy costs vary throughout the year. When this happens, we need to update our tariffs if there are any significant changes. In 2020, wholesale prices were extremely low due to global lockdowns. But as restrictions have eased, demand for energy has risen, which has seen wholesale costs increase by up to 30% since last March.
With our Green Fixed tariff, you get peace of mind that your prices won’t increase over the course of the next 12 months. Price increases to Variable tariffs are expected in October this year.
This tariff is available to customers who switch over all their home services – energy, mobile, and broadband – to UW.
By being on this tariff, prices will remain fixed, protecting you against potential increases over the next 12 months.
Our Variable prices remain lower at the moment due to the way the Government’s energy price cap works. Prices on a Variable tariff can go up as well as down.
Right now, our Green Fixed tariff is about £4 a month* more expensive than the Variable tariffs. However, it guarantees no more price rises for 12 months because the price is fixed.
With industry experts predicting that the Government’s energy price cap will rise significantly this October, being on a Fixed tariff protects customers against a further price increase later in the year.