Latest energy tariffs released

Last updated: 02/05/2024

As we move further into 2024, the second quarter brings continued financial relief for UK households. With the energy price cap revised to £1,690 annually for the typical household, effective from 1 April to 30 June 2024, consumers enjoy a £238 reduction compared to the previous quarter. This change not only reflects the dynamic nature of the energy sector but also highlights the regulator's commitment to adjusting to market shifts through its routine three-month reviews.

In contrast to previous months, April has introduced a modest number of new tariffs, yet this does not detract from their significance. Particularly notable this month are the adjustments to the Standard Variable Tariffs (SVTs), which were recalibrated in response to the new price cap, presenting opportunities for significant savings.

Highlighted tariffs for April 2024

1. Home Energy's Home SVT Apr 2024 v1

   • Effective: 17th April 2024
   • Average Bill: £1,539
   • This tariff stands out as the most economical option available this month, offering the lowest average bill among the new tariffs and ensuring affordability for those looking to manage their energy costs effectively.

2. Outfox the Market's Fix’d Dual Apr24 v1

   • Effective: 12th April 2024
   • Average Bill: £1,548
   • Coming in as the second most affordable option, this tariff provides a budget-friendly choice for consumers prioritizing cost over longer fixed terms.

3. UW's UW Fixed Saver 17

   • Effective: 11th April 2024
   • Average Bill: £1,575
   • This tariff offers a competitive price point and is an attractive option for those seeking stable pricing amidst fluctuating market conditions. Disclaimer: customers have to take 3 services to get the tariff.

These highlighted tariffs represent the best value for consumers looking to make informed decisions about their energy usage in the context of the updated price cap. With the potential for considerable savings, the latest tariff offerings are critical for those reassessing their energy expenditures as we progress through the year.

All tariffs released last month

Anyway, without futher ado, here is the full list of energy tariffs that were released in April 2024.

For comparison purposes, energy prices shown above are based on the national averages. Prices may vary depending on the region you live in. To see the best deals for where you are, run a comparison using our Ofgem approved energy switching tool.