Cheapest Energy Suppliers UK — 2026

We compare the major UK suppliers so you can see who's cheapest right now. Our Octopus tariff data is pulled live from their public API every 6 hours.

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April 2026 Ofgem Price Cap: £1,641/year for a typical household — a 7% drop from Q1 2026. Typical unit rates: 24.67p/kWh electricity | 5.74p/kWh gas

Who Is the Cheapest Energy Supplier Right Now?

Based on our monthly comparison of major UK suppliers, Octopus Energy is currently one of the cheapest options for both fixed and variable tariffs. As at March 2026, Octopus's standard fixed tariff undercuts British Gas, OVO Energy, EDF Energy and E.ON Next on an equivalent basis.

Price comparisons should always be based on your own usage and postcode — unit rates and standing charges vary by region. The figures below are typical national averages for a household using 2,900 kWh electricity and 12,000 kWh gas annually. Always get a personalised quote before switching.

Supplier Comparison — March 2026 (Typical Monthly Cost)

Supplier Variable Rate Fixed Rate Exit Fees Trustpilot
⭐ Octopus Energy 100% renewable ~£145/mo ~£136/mo ✅ None ⭐ 4.7
E.ON Next ~£142/mo ~£138/mo ✅ None ⭐ 4.4
OVO Energy ~£146/mo ~£139/mo ✅ None ⭐ 3.9
EDF Energy ~£147/mo ~£139/mo ✅ None ⭐ 3.7
British Gas ~£147/mo ~£141/mo ✅ None ⭐ 2.5
Typical costs based on national averages for a medium-usage household. Prices are estimates updated monthly and exclude any regional variation. Always get a personalised quote. Last updated: March 2026.

Live Octopus Energy Tariffs

LIVE DATA Last synced: 20 Apr 2026, 09:49 GMT

The following Octopus tariffs are pulled directly from the Octopus Energy public API and cached every 6 hours. These are the current products available to domestic customers.

Octopus Go 12M Fixed

The smart EV tariff with super cheap electricity between 00:30 - 05:30 every night

12 months ✅ Available

Intelligent Octopus Go 12M Fixed

With Intelligent Octopus Go EV tariff, you have access to a super low electricity rate between 23:30 - 05:30 every night, plus it smart-charges your car at the cheapest and greenest times overnight.

12 months ✅ Available

Intelligent Octopus Go 12M Fixed - EV Saver

With our OEV exclusive Intelligent Octopus Go EV Saver tariff, you have access to a super low electricity rate between 23:30 - 05:30 every night, plus it smart-charges your car at the cheapest and greenest times overnight.

12 months ✅ Available

Octopus 12M Fixed

This fixed tariff locks in your unit rates and standing charges for 12 months. This tariff has a £50 early exit fee per fuel.

12 months ✅ Available

Cosy Octopus 12M Fixed

Cosy Octopus is a heat pump tariff with eight hours of super cheap electricity every day to warm your home.

12 months ✅ Available

Octopus Twin 2 rate Key and Card

Non-smart prepayment tariff

Variable ✅ Available

Octopus Twin 3 rate Key and Card

Non-smart prepayment tariff

Variable ✅ Available

Octopus Zero Bills (Upgrade) Export

For registered Octopus Zero Bills homes ONLY. Fair Use Allowance specific to the property, based on home size instead of annual consumption.

60 months ✅ Available

For exact unit rates in your area, use the personalised quote tool →

Why Price Isn't the Only Factor

When comparing energy suppliers, it's tempting to focus solely on the monthly estimate. But experienced switchers know that the total cost of ownership includes more than just the unit rate and standing charge:

  • Customer service quality — a cheap tariff from a supplier with poor service can cost you time and frustration
  • Billing accuracy — suppliers with poor estimated billing systems can create debt on your account without you realising
  • App and online account quality — smart meter integration and real-time usage data help you use less energy
  • Tariff flexibility — suppliers like Octopus offer specialised tariffs (Agile, Tracker, EV tariffs) that can dramatically reduce bills for the right customer
  • Supplier financial stability — 30+ suppliers collapsed during the 2021-22 energy crisis. Octopus survived, grew and even absorbed customers from failed suppliers

How to Find the Cheapest Deal for You

The cheapest deal for a specific household depends on its location (region affects unit rates), usage level and whether they have gas and electricity or electricity only. Here's how to find your best deal in five minutes:

1
Get your actual usage
Find your annual kWh usage on a recent bill — avoid using "average" assumptions which can skew comparisons.
2
Use the Octopus quote tool
The fastest way to check Octopus prices for your home. Click our referral link to get started — takes under 3 minutes.
3
Compare against the price cap
The April 2026 cap equates to ~£1,641/year. If a fixed deal is near or below this with no exit fees, it's worth considering.
4
Switch with confidence
Switching takes 5 working days maximum. You will not experience any disruption to your gas or electricity supply.

Ready to Switch to the Cheapest?

Get a personalised quote from Octopus in under 3 minutes.

Use our referral link and get an extra £50 credit when you switch.

Get My Free Quote + £50 Credit →

What Our Referrals Say

Real people saving real money with Octopus Energy

★★★★★

"Switching to Octopus Energy was the best decision. The process was seamless and we saved over £200 in the first year. Plus the £50 credit was a lovely bonus!"

Sarah M. , Manchester 5 days ago
★★★★★

"I was sceptical about switching energy providers, but Octopus made it incredibly easy. Their app is brilliant and the smart tariffs have saved us a fortune."

James T. , Bristol 8 days ago
★★★★★

"As someone with an EV, Octopus Energy's Intelligent Go tariff is unbeatable. Cheap overnight charging and the referral bonus was the cherry on top."

Emma L. , Leeds 12 days ago
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