Top five cheapest energy deals for September 2015The rise of cheap local energy suppliers
11 September 2015
Each month, we scour the energy market to bring you the top five cheapest energy deals. In September, we're seeing the launch of new energy suppliers which are offering some of the cheapest deals - but only to local residents.
The cheapest widely available deal on the market, the Premium Energy Saver tariff from GB Energy Supply, comes in at £831 a year. That's nearly £282 cheaper than Scottish Power's standard tariff.
Which? Recommended Provider Ovo Energy is still competitively priced at £876 a year for its Better Energy deal (online only and paperless.
Ovo is the only Which? Recommended Provider for energy companies - this means it meets our criteria according to our thorough policy, practice and pricing analysis.
Find out which tariff is the cheapest deal for you, based on your own energy usage, by comparing prices at Which? Switch.
Top five cheapest energy deals
These are the top five cheapest dual fuel deals in September available to customers in all regions. Click the links to find out more about each company.
|Top 5 cheapest energy deals for September 2015|
|Supplier||Tariff||Annual price||Tariff type||Exit fee|
|GB Energy Supply||Premium Energy Saver||£831||Standard (evergreen)||None|
|Extra Energy||Fresh Fixed Price Nov 2016 v3 (paperless)||£850||Fixed||£25 per fuel|
|First Utility||iSave Fixed October 2016 v2 (paperless)||£852||Fixed||£30 per fuel|
|Robin Hood Energy||Energy Prime (paperless)||£859||Fixed||None|
|Extra Energy||Bright Fixed Price Nov 2016 v2 (paperless)||£860||Fixed||£25 per fuel|
Table notes: The prices given in the table above are correct as of 10 September 2015 and are based on a dual fuel tariff for an average user (using 3,100 kWh of electricity and 12,500 kWh of gas per year), paying by direct debit and are averaged across all regions. Exact prices can vary according to region, usage and payment method.
Robin Hood Energy
The latest entrant in the energy market is called Robin Hood Energy. Its Energy Prime tariff (see table above) is available in all regions. But, as you might have guessed, it mainly offers deals to residents in the Nottingham area. Its most competitive tariff, Robin Hood Energy Nottingham, is only available to customers living in the East Midlands region.
We've also recently seen other new local energy providers appearing, such as partnerships between Ovo Energy and local authorities. They offer competitively priced tariffs to local residents.
If you live in the Peterborough area, the Peterborough Fixed tariff would be one of the top five cheapest deals on the market for you. Similarly, Southend Energy Fixed falls in the top five cheapest tariffs for customers who live in the Southend area.
Here are four 'local' deals that could be amongst the cheapest for you if you live in the following regions:
- East Midlands: Robin Hood Energy Nottingham from Robin Hood Energy at £810
- Eastern and East Midlands: Peterborough Fixed from Peterborough Energy at £839
- London and Eastern regions: Southend Energy Fixed from Southend Energy at £859
- Merseyside and North Wales, Midlands and the North West: Fairerpower Fixed from Fairerpower at £874
Current standard tariffs from the Big Six
Most households are still on a ‘default’ standard variable tariff. These are generally a lot more expensive than cheaper fixed deals. If you're on one of these tariffs, you are paying too much.
Our research found that if you're on a standard tariff with one of the Big Six, you could save up to £282 a year by switching to the cheapest deal.
1. Eon £1,079: £248 more expensive than GB Energy Supply Premium Energy Saver
2. SSE £1,088: £257 more expensive
3. EDF Energy £1,101: £270 more expensive
4. British Gas £1,075: £244 more expensive
5. Scottish Power £1,113: £282 more expensive
6. Npower £1,110: £279 more expensive
Before switching supplier based on price alone, find out more about the energy companies.
Our energy company reviews reveal what customers really think of their suppliers, how good their customer service is, which companies score best and which energy suppliers you'll want to avoid - read our reviews of energy providers to find out more.
(All prices above are from Energylinx, based on the details of a dual fuel medium user (12,500kWh of gas and 3,100kWh of electricity a year) paying by monthly Direct Debit and choosing paperless billing. Prices are averaged across all regions and correct as of 10 September 2015).