Beat the gas and electricity price rises before you pay more

The 'Big Six' energy companies are starting to announce price rises. Here's how you can pay less.

Best the gas and electricity price rises before you pay more

A number of 'Big Six' energy companies have announced huge price hikes for households.

Back in December EDF announced it will hike electricity prices by 8.4% from 1 March 2017.

Last week, Npower said it will be putting gas prices up by 4.8% and electricity prices by 15% from 16 March.

The increase will see a typical dual fuel tariff rise by an average of 9.8% or £109 a year for 1.4 million households.

ScottishPower has now announced it is increasing its gas prices by an average of 4.7% and electricity by 10.8%. Meanwhile, British Gas has announced it's freezing its prices, but only until August.

Anyone sitting on their provider's standard variable tariff is vulnerable to price hikes, so check your deal and see if you could save by switching before you get stung by a price hike.

See if one simple search can save you hundreds on your energy bills

The cheapest energy deals

Here's a round-up of the cheapest tariffs right now if you opt for both fuels from one supplier (known as dual fuel), pay by monthly direct debit and manage your account online.

The price includes both the unit rate and any standing charge.

Energy supplier

Tariff name

Type of tariff

Average UK price*

Iresa Limited

Flex4 12-Month Fixed Direct Debit

Fixed for 12 months

£834

Tonik Energy

Tonik Energy Positive Energy V2

Fixed for 12 months

£880

Avro Energy

Simple and Switch

Fixed for 12 months

£888

Economy Energy

Direct Saver 2017 v2

Fixed for 12 months

£889

iSupply Energy

iFix Direct 12-Month Feb18

Fixed (until February 2018)

£890

Affect Energy

Fixed until February 2018

Fixed (until February 2018)

£893

iSupply Energy

iFix Direct 19-Month Sep18

Fixed (until September 2018)

£895

So Energy

So Gorilla

Fixed for 12 months

£897

Places for People Energy

Together - February 2018 - fixed 44 (Paperless Billing)

Fixed (until February 2018)

£903


Source: UK Power

Prices based on average consumption as measured by Ofgem of 12,500kWh of gas and 3,100kWh of electricity and a customer paying by monthly direct debit including VAT.

Bear in mind the price of your energy will be based on your postcode and so may be more expensive, or even cheaper, than the ones listed.

Other things to consider

Fixing your energy bills is a bit of a gamble, in much the same way as fixing your mortgage or savings.

That's because prices could come down, which means you end up paying more than you would have done if you were on a variable or even a shorter-term fix.

Having said that, the general trend for gas and electricity prices is to only go one way and that's upwards, certainly over the long term, although they may fluctuate within a year.

See if one simple search can save you hundreds on your energy bills

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