The cheapest gas and electricity energy tariffs

Updated: 
Icicles over a windowWith the New Year upon us, many will have made resolutions as they aim to make changes in the months ahead. Whether it is losing a little unwanted weight, quitting smoking, or taking up a new hobby the New Year brings with it the chance to start afresh and make a concerted change to your life.

For those who have resolved to cut their bills in the New Year it's worth remembering that one of the quickest ways to do so is by comparing and switching energy supplier.


Price rises across the board
All of the major energy suppliers announced price rises at the end of 2012, with E.ON's price rise being the last to go live on the 18th of January. Millions of homes across the country will already be paying more for their energy than at the same time last year.

It is estimated that as much as 45% of the country have never switched their energy provider, meaning that almost half of the population are paying well over the odds for their energy. This group of consumers could still see significant savings post-price rise. Likewise those who have switched before, but haven't chosen a fixed deal in the past 12 months could still benefit from switching supplier as they will be hit by the prices as well.

The best way to combat the price rises is to take a few minutes and run a comparison of suppliers and deals available in your area. With many regional fluctuations in cost from one supplier to the next it is the most effective way to ensure that you are getting the best possible deal on your utilities.

For those worried about prices rising in 2013 there are still some very competitive fixed deals available which protect you from potential rises. Similarly for those who don't want to be tied into a fixed deal there are still competitive online discounted tariffs available that could see you shave hundreds from your annual gas and electricity bills.

Why not take a few minutes to see if you could save money for the year ahead and compare energy suppliers now?

The cheapest energy tariffs

Supplier

Tariff

Average Cost

Saving vs Typical Bill*

Notes

First Utility

isave v14 (with Paper Billing)

£1,150

£250

Prices fixed for three months then variable. Cancellation fees apply

Co-op Energy

Pioneer

£1,157

£243

No cancellation fees.

First Utility

isave Fixed v6

£1,170

£230

Prices fixed until 30 April 2014. Cancellation fees apply.

OVO Energy

New Energy Fixed

£1,172

£228

Prices fixed for 12 months. Cancellation fees apply.

EDF

Blue +Price Promise June 2014

£1,182

£218

Prices fixed until 30 June 2014. No cancellation fees.


* based on average dual fuel tariff costing £1,410 (Source: Energyhelpline January 8, 2013). All costs are for a yearly average usage dual fuel household paying by monthly direct debit. Average usage defined by Ofgem as 16,500 kWh p.a. of gas and 3,300 kWh p.a. of electricity

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