British Gas bills set to shoot up 10% from this weekend: what are the best tariffs to switch to

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Which is the best energy tariff to switch to

British Gas customers face the dreaded energy price hike from this Saturday, November 23. As of this date, gas prices will go up by an average 8.4%, with electricity prices rising by 10.4%.

Meanwhile, SSE implemented its own 8.2% increase last week. In real numbers this means that a customer on a standard SSE tariff will now be paying an additional £111 on average a year compared to their previous costs.

Three other suppliers, including most recently EDF, have also announced that they are upping their costs as we head into the colder and darker winter period.


Many savvy people will have already been shopping around for cheap fixed tariffs as the price rises were announced. However, many do find the process of switching supplier daunting even though it takes just a few minutes to begin.

For those still languishing on expensive standard tariffs, or those who have not compared suppliers in the past twelve months the only advice can be to compare now and seriously consider a fixed tariff deal to protect yourself from further increases.

There is no guarantee of anything in life. However the trend of energy supplier rises is becoming all too familiar and predictable. Most suppliers offer cheap fixed deals via the internet that not only lock in rates but also undercut the national average bill of £1,420 (source: Ofgem) by some margin as well.

So the best recommendation is still to regularly compare suppliers and grab a fixed deal when possible. With media reports suggesting that energy bills could climb as high as £2,000 a year on average within a decade, the insurance a fixed tariff could provide could be invaluable.

Here are the current cheapest fixed tariffs on the market:

Supplier

Tariff

Average Cost

Average Saving*

Notes

first:utility

iSave Fixed v12 June 2015

£1,178

£242

Fixed until 30th June 2015, cancelation fees apply

E.ON

Fixed 1 Year v5

£1,178

£242

Fixed for 12 months, cancelation fees apply

Green Star Energy

No Worries 12 Months Fixed Version 2310

£1,182

£238

Fixed for 12 Months, cancelation fees apply

Green Star Energy

No Worries 24 Months Fixed Version 1311

£1,191

£229

Fixed for 24 Months, cancelation fees apply

npower

Price Fix April 2015

£1,202

£218

Fixed until 30th April 2015


* based on a typical dual fuel tariff costing £1,420 (Source: Ofgem). 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.

Data correct as of 14/11/13

Compare energy tariffs in your area and see if you could switch and save

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