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What’s the cheapest energy tariff right now?

Here are the cheapest energy tariffs we currently track — real, named deals with their actual rates, next to the Ofgem price cap. Every figure is from our own tariff database, inclusive of VAT, dated to when we scraped it.

The cheapest deals we track today
  • Cheapest fixed electricity we track: Co-op Energy — Co-op 12M Fixed June 2026 v8 at 25.78p/kWh + 69.67p/day standing charge — 1.88p below the North Wales & Mersey cap (27.66p).
  • Cheapest variable electricity we track: OVO — Simpler Energy at 26.34p/kWh + 67.39p/day standing charge — 1.32p below the North Wales & Mersey cap (27.66p).
  • Cheapest fixed gas we track: Co-op Energy — Co-op 12M Fixed July 2026 v1 at 6.45p/kWh + 29.28p/day standing charge — 0.88p below the GB-average gas cap (7.33p).
  • Cheapest variable gas we track: OVO — Simpler Energy at 6.93p/kWh + 28.02p/day standing charge — 0.40p below the GB-average gas cap (7.33p).
DealSupplier & planUnit p/kWhStanding p/dayvs price cap
Cheapest fixed electricityCo-op Energy — Co-op 12M Fixed June 2026 v825.7869.671.88p below the North Wales & Mersey cap (27.66p)
Cheapest variable electricityOVO — Simpler Energy26.3467.391.32p below the North Wales & Mersey cap (27.66p)
Cheapest fixed gasCo-op Energy — Co-op 12M Fixed July 2026 v16.4529.280.88p below the GB-average gas cap (7.33p)
Cheapest variable gasOVO — Simpler Energy6.9328.020.40p below the GB-average gas cap (7.33p)

Yes — are there deals cheaper than the price cap? In North Wales & Mersey, 20 of the electricity tariffs we track come in under that region’s price cap of 27.66p/kWh. A fixed deal locks the unit rate; a cheaper standard-variable rate can move at the supplier’s discretion.

These are the lowest rates among the 599 tariffs we track across 8 named suppliers, shown for North Wales & Mersey — the region we track most fully. It is not a whole-of-market comparison, and the cheapest deal for your home depends on how much you use (a low unit rate with a high standing charge can lose to the opposite). Electricity is compared to the price cap for the same region; the cap is itself regional, so the GB-average figure usually quoted is 26.11p/kWh. Gas is compared to the GB-average gas cap (7.33p/kWh) as we hold no per-region gas cap. Rates inclusive of VAT, as scraped 31 Jul 2026 — single-region data anomalies are excluded, so a bad reading never becomes a headline figure.

Spotted a rate that’s out of date?Tell us and we’ll fix it — email hello@joulely.co.uk with the current rate card. We’d always rather be accurate. See the full tariff database we hold.
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