The 13% energy price cap increase is now live. Here is how to beat it (Code: OYVURI69346)
Hi everyone,
The Ofgem energy price cap officially increased by 13% on 1 July 2026. For a typical household paying by direct debit, this means average annual bills have just jumped to £1,862.
If you are on a standard variable tariff with one of the legacy suppliers, your direct debit is likely about to increase. Specifically, electricity is now capped at an average of 26.11p per kWh and gas at 7.33p per kWh.
I switched to Fuse Energy a while ago because they are consistently cheaper than the cap and run a very lean, app based model. Right now, they even have a 13 month fixed tariff that works out around 17.2% cheaper than the new July price cap.
They also have a referral promotion running until 19 July where they give you guaranteed account credit for switching to them.
You get a £25 credit for switching one supply, like just your electricity.
You get a £50 credit for switching two supplies, such as electricity and gas.
You get a £75 credit for three supplies, which includes electricity, gas, and solar export.
How to claim the credit:
- Download the Fuse Energy app or visit their website directly. You cannot sign up through a price comparison site for this offer.
- Start a quote and enter the referral code OYVURI69346 when prompted on the sign up screen.
- Complete the switch. They handle all the admin of leaving your old supplier automatically.
- Your credit will be applied directly to your account once your switch completes and you pay your first full bill.
Take a few minutes this weekend to run a quote and see how much you can save. Thanks to anyone who uses my code!