Energy company launches price cap-beating deal and it will pay you £400 to take it
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An award-winning energy firm is offering households £400 to switch before the next price hike, as bills rise again from October.
An energy company is promising customers £400 to switch and beat the upcoming energy price hikes.
The maximum amount you will pay on your energy bills will rise by 2% in a surprise move in the energy price cap for October 2025 that is double the expected price hike for energy.
Ofgem has announced typical households will now pay up to £35 extra a year after the price cap was raised to £1,755, up from £1,720 a year. It will cover the final three months of the year before another review in January.
In response to the price increases householders are being urged to switch to a fixed rate tariff and shop around to find a cheaper deal and one energy company is offering customers £400 to switch and lower prices to beat the increases.
Utility Warehouse says there will be over 20 million households facing higher bills and it is offering up to £400 for people to switch to cover cancellation fees with other providers.
You can enter your postcode here to find out if you can switch and save money in time for the price increases.
The company won the Uswitch Best Energy Provider award for 2025 and is also a Which? Recommended provider for 2025 and says it will help people beat the price increases as the tariff increases in October.
Utility Warehouse has also said it will contact existing customers with information about the price hikes. It says: “The government has announced that the energy price cap will increase on 1 October 2025. You don’t need to do anything - we’ll be in touch with all our customers on a standard variable tariff in the coming weeks with details of how this will impact you.”
Utility Warehouse says its variable tariffs are always cheaper than the energy price tariff, while fixed price options can lock a price in for 12 months to ensure prices do not rise. You can see the deal here.
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