Each month we scour the energy market to bring you the top five cheapest energy deals. And for November, for the first time, all five of the cheapest annual deals are under £1,000.
In previous months, the cheapest deals have mainly been offered by small independent suppliers. But now this trend is changing with two of the ‘Big Six’ energy suppliers – namely Eon and Npower – making it in the top five this month.
However, the top slot is still reserved for a smaller supplier – First Utility.
Don’t pay more than you need to for energy. To find out which tariff is the cheapest deal for you, based on your energy usage, visit our independent comparison site Which? Switch.
Top five cheapest energy deals
If your energy supplier is one of the Big Six and you are on a standard tariff, you could be saving about £200 by switching to one of the cheapest deals below:
1. First Utility iSave Fixed March 2016 (v37) £960.47
2. Eon Energy Fixed 1 Year v12 £964.65
3. Npower Online Price Fix January 2016 £968.15
4. Ovo Energy Better Energy Fixed (Online) £973.33
5. Extra Energy Fresh Fixed Price Dec 2015 v1 £973.65
All prices listed above are averaged across all regions and are for a dual fuel customer (gas and electricity) paying by monthly Direct Debit and choosing paperless billing. The annual costs have been calculated using Ofgem medium consumption figures of 13,500kWh for gas and 3,200kWh for electricity.
The deals listed above are all fixed deals, so they can offer some peace of mind. This means, however, that customers won’t benefit from any price cuts, should this happen, while they are signed up. Exit fees may apply if you want to switch before the end of the 12 months.
These prices should be used as a guide only and the price and order of tariffs will change according to your own consumption. Always get an estimate using your own electricity and gas consumption values by using a switching site or going to the suppliers directly.
Current standard tariffs from the Big Six
Here are the standard tariff prices from the Big Six suppliers:
1. Eon £1,159.50: £199 more expensive than First Utility iSave Fixed March 2016
2. EDF Energy £1,163.89: £203 more expensive
3. SSE £1,174.24: £214 more expensive
4. Scottish Power £1,188.62: £228 more expensive
5. British Gas £1,192.97: £233 more expensive
6. Npower £1,204.91: £244 more expensive
(Figures accurate as of 12 November 2014.)
Before switching supplier based on price alone, find out more about the energy companies. Our research reveals what customers really think of their suppliers, which companies score best and which energy suppliers to avoid – read our reviews of energy providers.