Price cap and VAT changes hitting soon
The Ofgem cap rises 4% to £1,723 from 1 October 2026 for anyone on a variable tariff. At the same time the government is removing VAT from household electricity bills until 31 March 2027, which could save the average home around £45 a year. Scottish ministers have already said the cut alone will not be enough as bills keep climbing.
Fixed tariffs for budgeting peace
A fixed deal locks your unit rate for the contract length, shielding you from further rises but leaving you stuck if prices fall. Watch for exit fees if you want to leave early and remember your monthly payments can still change if your usage shifts. These suits households that want predictable costs and can commit for the full term.
Variable, tracker and smart time-of-use deals
Standard variable tariffs move with the cap and have no exit fees, yet budgeting is harder. EDF’s tracker versions add a standing-charge discount but still follow the cap. Smart time-of-use tariffs reward shifting use to cheaper hours and can pair well with EVs or solar, though peak rates may sting if you cannot flex your routine.
Meter type and next steps
Prepayment and standard meters limit your choices, while a smart meter opens the widest range of tariffs and perks. Compare live deals on our energy pages and check your usage patterns before the cap kicks in.
