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It’s one of the best times to switch to a fixed tariff - with uncertainty over how the rate cut will affect families, and winter bills set to reach their peakThis article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.
With the Energy Price Cap rising during winter, fixing your tariff now could offer faster relief than waiting for the £150 cut
You’ve probably seen the headlines promising “£150 off energy bills” and assumed the problem that's been crippling households has been dealt with. However, the cut doesn’t arrive until April 2026 and, right now, in one of the coldest months of the year, the Energy Price Cap is rising, hitting at exactly the point when we’re using the most gas and electricity.
Waiting for spring means paying peak prices while the so-called savings sit on the horizon and this means the Chancellor’s cut could cost you hundreds in the coming months.
Switching to a fixed tariff below the Price Cap locks in a lower rate when energy use is highest — from December through to March — and gives you certainty at a time when bills are at their most unpredictable. Fix now, and you’re protected from winter spikes and future volatility.
The planned cuts will arrive, but not at the right time, and they might not be effective enough for many families | PexelsRead MoreUtility Warehouse, a company that's forged a solid reputation for saving money on household bills, is offering fixed tariffs for people switching their energy provider, and there's a £150 welcome bonus on offer if you add broadband, mobile and insurance, using a cashback card. This could really help take the sting out of the winter bills.
The firm has warned that the April cut is not guaranteed to be straightforward, because wholesale prices can still jump around, and Ofgem is due to review network charges.
This means savings might arrive but things could get more complicated than the headlines suggest, and fixing now could immediately bring peace of mind.
To find out more and explore the tariffs and the promotions, click here.
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