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UK Energy Market Update: What’s Happening Right Now?

Updated 26/05/2026

Many homeowners are asking the same questions right now:

Will energy prices go up again? Is now a good time to review tariffs? Should I fix or wait?

Current forecasts suggest prices are expected to rise again, with many analysts predicting increases in the months ahead following continued pressure in wholesale markets.

While prices have settled compared with the peaks of recent years, the market remains sensitive. Global supply, weather, storage levels and demand across Europe can all affect pricing.

Because of this, many households are choosing to review their tariff now rather than waiting for renewal notices or winter usage to creep in.

If you’re unsure whether your current rates are competitive, it can help to compare today’s tariffs against your actual home usage, rather than relying on averages or estimates.

For homeowners wanting a clearer picture before switching, our Energy Usage IQ app can also help break down how your home is using energy day to day.

And for those looking at longer-term savings, many customers reviewing their tariff also start exploring solar panels or heat pump options at the same time - especially when trying to reduce future reliance on the wider energy market.

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