Latest energy tariffs released

Last updated: 08/09/2024

As the energy market approaches the end of summer 2024, new tariffs are being rolled out to accommodate an array of customer needs, from those prioritising environmental responsibility to those seeking economic relief amidst fluctuating market conditions. This August, the landscape is diverse, with options tailored to different preferences and requirements.

In the budget-friendly bracket, Outfox the Market's Fix'd Dual Aug24 v1.0 emerges with a compelling offer at £1,557, positioning itself as one of the most accessible tariffs this month. Alongside, OVO Energy introduces its 1 Year Fixed + Boiler Cover 08 August 2024, priced at just £1,508, which includes boiler cover, catering to consumers looking for both affordability and added value in their energy plan.

Amid these developments in the energy sector, the government has announced changes to the winter fuel payments. Starting from winter 2024, these payments, previously available to all pensioners, will be limited to those receiving pension credit or other means-tested benefits in England and Wales. This adjustment aims to target financial support more effectively towards those in greatest need. It's crucial for eligible pensioners, particularly the estimated 850,000 who have yet to claim their pension credit, to assess their eligibility, as this could significantly aid in managing winter energy costs. This strategic focus reflects an ongoing reassessment of welfare provisions, adapting to the evolving financial landscape and demographic changes.

These shifts in energy tariffs and government policy underscore the dynamic nature of the market and the broader economic environment, impacting how consumers select their energy plans and manage their financial resources moving forward.

Highlighted tariffs for August 2024

For August 2024, a range of tariffs offer both value and unique benefits to customers. Here's a look at three standout tariffs that combine affordability with additional perks:

1. ScottishPower's Cap Tracker Sep 2025 A1

• Effective: 02 August 2024
• Average Bill: £1,553
• Extras: Variable prices that stay below the Ofgem price cap level, providing a cushion against price increases while offering price flexibility.
• Fixed Term: Until 30/09/2025

2. Outfox the Market's Fix'd Dual Aug24 v1.0

• Effective: 02 August 2024
• Average Bill: £1,557
• Extras: None
• Fixed Term: Not specified
• This tariff offers one of the lowest prices in the market, making it an excellent choice for consumers looking for immediate savings without specific additional features.

3. OVO Energy's 1 Year Fixed + Boiler Cover 08 August 2024

• Effective: 08 August 2024
• Average Bill: £1,508
• Extras: Boiler cover included, providing peace of mind and protection against potential boiler issues.
• Fixed Term: 1 year

These options reflect a mix of price stability, additional benefits, and environmental considerations, catering to a diverse range of consumer needs and preferences for the month of August 2024.

All tariffs released last month

Here is the full list of energy tariffs that were released in August 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 an energy comparison using our Ofgem approved energy switching tool.