Everyone’s talking about freezing energy prices – but you don’t have to wait until 2015 to fix your gas and electricity bills.
Labour leader Ed Miliband has pledged to freeze gas and electricity bills until 2017, if Labour win the next election. But we can reveal the top five fixed energy deals available today if you want to freeze your bills now.
You can compare gas and electricity prices to get a better deal using our comparison website Which? Switch.
Top five fixed energy deals
Here are the top five cheapest fixed deals you can sign up to today:
- M&S Energy Fix & Save: £1,139.43
- First Utility iSave Fixed v9 April 2015: £1,170.48
- Pioneer Energy Fixed 12 Month (Online): £1,172.21
- Pioneer Energy Fixed 12 Month (Offline): £1,175.37
- Npower Online Price Fix November 2014: £1,182.03
These figures are based on typical usage, with prices averaged across the UK.
Fixed deals don’t suit everyone, however, and some customers may prefer variable tariffs – which can be cheaper and offer more flexibility.
Customers on fixed deals won’t benefit from any price cuts energy suppliers make during the length of their contract and there can be costly exit fees to leave the deal early.
See our energy tariffs explained guide for more information.
Energy bills ‘biggest worry’
Energy prices are currently the biggest worry for consumers, according to the latest Which? research.
Find out how to cut energy costs and save money on your gas and electricity bills.
You might also want to consider making your home more energy efficient.
Energy pledge ‘gives hope to millions’
Which? executive director Richard Lloyd said: ‘Ed Miliband’s promise to fix the broken energy market and freeze prices will give hope to the millions worrying about how they can afford to heat their homes. We now look forward to seeing the detail of how this will work.
‘Wholesale costs are the biggest part of the eye watering rises to energy bills that people have faced over the last ten years. Making the wholesale market competitive by separating energy generation from supply is essential to help keep prices in check.’