UW a UK company is offering consumers a way to soften the blow of the staggering £2,800 energy price cap expected to come into effect in October by £550.
The energy crisis deepened after industry regulator Ofgem warned that the maximum annual tariff consumers can be charged is expected to skyrocket by £830. This would mark a rise of more than £1,500 in 12 months and could force up to 12 million people into fuel poverty, according to Ofgem’s boss. But Utility Warehouse is offering up a solution that could save millions of households.
The company is offering consumers a fixed tariff of £2,250 that will stay fixed until the end of May 2023. This could save customers switching to UW as their energy provider up to £550 during the cold winter months. Customers would have to take on two other UW services – broadband, mobile or insurance, to qualify for the fixed tariff, which will not be subject to price hikes sparking soaring global energy costs.
Andrew Lindsay, Co-CEO said: “Enough is enough. As households across the country are struggling with the relentless increase in their cost of living, we get the bombshell that energy prices are going up by another £800 in October.
“UW can put an end to the misery and help households take control. We are all about bundling your essential services into one account - Energy, Broadband, Mobile and Insurance - and offering genuine value as a result.
“That’s why, right now households can fix their energy prices at £2250 when they take at least two other UW services, meaning complete price protection all the way through to the end of May 2023.”
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