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The cheapest fixed energy deal this week: A 15-month tariff from Fuse Energy, priced at £1,453 annually for the average household that pays by direct debit. This is £210 below the July price cap. Exit fees are £50 per fuel.
There are currently 23 fixed energy deals available that can save households money against the current price cap and protect against future price rises.
The energy price cap increased by 13 per cent on 1 July, the same day that the energy regulator Ofgem updated its average energy consumption figures to reflect the fact that people are using less energy.
This means that the average annual costs listed under the price cap and fixed deals will look lower than they did before. The price cap for a typical household that pays by direct debit is £1,663 under the new figures, but was previously announced at £1,862 under the old ones.
It's a good reminder that the price cap or fixed deal doesn't limit your total bill. Instead it sets the maximum that energy suppliers can charge for each unit of energy. If your energy usage isn't the same as the average household, your annual bill will look different to the cap.
The cheapest deal this week is from Fuse Energy, beating Outfox Energy which regularly tops the table. Eon Next is offering the cheapest fix from a major supplier.
The energy market remains volatile and is heavily affected by geopolitics, such as the conflict in the Middle East. Uswitch says that fixing is important for those looking for stability and protection against unpredictable future pricing.
The energy price cap fell in April for the average household, but increased by 13 per cent in July.
The Government has removed certain levies from April which should lower your bills.
Comparing energy providers can help you save money and avoid paying more than you need to.
The table below shows you the cheapest energy deals this week, according to comparison website Uswitch. It's a good idea to compare the best deals with what you're currently paying, because rates vary by region.
The cap doesn't limit your total bill – energy companies charge for energy by the kilowatt hour (kWh).
It's therefore important to check the unit rate – how much you're charged per kWh – on a new fixed tariff against that of your existing deal.
Best energy deals this week
| Supplier | Tariff | Fix duration | Average annual bill | Difference vs July price cap* (£1,663) | Exit fees | Availability |
|---|---|---|---|---|---|---|
| Fuse Energy | July 2026 Fixed (15m) V7 | 15 months | £1,453 | £210 below cap | £50 per fuel | Uswitch.com, Confused and Fuse Energy |
| Eon Next | Next Fixed 24m Exclusive v3 | 24 months | £1,505 | £158 below cap | £100 per fuel | Uswitch.com and Confused |
| Fuse Energy | July 2026 Fixed (13m) V10 | 13 months | £1,552 | £111 below cap | £50 per fuel | Uswitch.com, Confused and Fuse Energy |
| Outfox Energy | Fix'd Dual Jul26 12M v6 - Family Advantage+ | 12 months | £1,555 | £108 below cap | £75 per fuel | Direct via Outfox Energy |
| Outfox Energy | Fix'd Dual Jul26 12m v6 | 12 months | £1,555 | £108 below cap | £75 per fuel | Direct via Outfox Energy |
| Outfox Energy | Outfox the Price Cap - Fix'd DUAL July 2026 - 15M V11 | 15 months | £1,555 | £108 below cap | £75 per fuel | Direct via Outfox Energy |
| Outfox Energy | Fix'd Dual Jul26 24M v4 | 24 months | £1,556 | £107 below cap | £100 per fuel | Direct via Outfox Energy |
| 100Green | Exclusive Spring 100% Green 12M July 27 v2 | 12 months | £1,572 | £91 below cap | None | Uswitch.com and Confused |
| Co-op Energy | Co-op Community Power 12M Fixed July 2026 v2 | 12 months | £1,575 | £88 below cap | £50 per fuel | Direct via Co-op Energy |
| Octopus Energy | Octopus 12M Fixed July 2026 v2 | 12 months | £1,575 | £88 below cap | £50 per fuel | Direct via Octopus Energy |
| Source: Uswitch.com. Prices correct as of 9.50 am on 20 July 2026. The tariffs included within the table are the cheapest non-bundle fixed tariffs, not variable or tracker. All energy tariffs and prices mentioned are subject to change without notice, and rates vary upon region. These are the cheapest tariffs available based on suppliers who have updated Uswitch with their rates. | ||||||
Ben Gallizzi, an energy expert from Uswitch, comments: 'Households on a standard variable tariff who don’t make the crucial switch risk paying more for their heating this winter.
'The fixed tariff market is competitive right now, with deals up to 13% cheaper than standard rates – but households need to take action to start saving.'
It pays to shop around, checking comparison websites as well as going direct to energy providers. Not every energy provider will be on every comparison platform. You can compare deals and sign up today at Uswitch*.
Keep in mind that the annual price quoted is only what the average household can expect to pay over the year. Your actual bill will depend on how much energy you use, so check the unit cost of energy when comparing tariffs.
From July, the unit costs are 26.11p/kWh for electricity and 7.33p/kWh for gas, with standing charges of 57.19p and 29.04p per day respectively.
Should I fix my energy and switch providers?
Switching to a fixed tariff from a variable one could put more money in your pocket. It's also worth thinking about fixing your energy if you like to know how much your bills will be each month.
Energy unit costs and standing charges stay the same over the length of a fixed contract, helping you budget.
Energy suppliers themselves also predict movements in the price cap and EDF Energy is predicting the cap will increase to £1,730 in October, which is a £37 increase from the prediction last week.
But the market is easily influenced by international events and political tensions that can't be forecast, so predictions should be taken with a pinch of salt. EDF Energy says its confidence in its prediction is 'very low'.
Fixing could at least help to provide some stability for your bills over the longer term.
Read more: The energy price cap should be scrapped, say industry experts
How many fixed energy deals are there?
There has been a good range of fixed energy deals over the last year, with many offering savings against the price cap. And while energy suppliers pulled deals following the escalating conflict in the Middle East, there are now more than 20 available.
While there are fixed-rate energy deals that households can switch to that undercut the Ofgem price cap and save money, it took a few years after the energy crisis for providers to start offering them again.
Until the energy crunch arrived in late 2021, the advice was simple: households should switch energy providers regularly to get the best deal possible.
The cheapest deals were fixed-rate tariffs, with variable rates normally reserved for households that had reached the end of their cheap tariff and not switched.
But affordable fixed-rate deals began to vanish in autumn 2021, because wholesale energy prices started rising.
Many comparison sites then paused their energy switching services, energy providers stopped taking on new customers, and the common advice was that most people would be better off on deals subject to the Ofgem price cap.
This left 22 million households lumbered with variable-rate deals.
Can my energy price increase on a fixed tariff?
Your energy provider can't raise your unit cost of energy or standing charge while you're on a fixed tariff.
Your bill could still move up and down depending on how much energy you use. If you use more, you'll pay more.
It's the standing charge and cost per unit of energy that's fixed, not your overall bill.
Is now a good time to fix energy prices?
The main benefit that fixing provides at the moment is stability and protection against unpredictable future pricing.
You need to consider how prices will move over the entire length of the fix rather than just the next few months. And be sure to consider exit fees, because you'll need to pay these if cheaper fixes do return to the market and you want to switch to a better deal.
You can compare the best energy deals* for you based on your home and gas and electricity costs through This is Money's recommended partner Uswitch.
Read more: The best fibre broadband deals