Cheapest energy tariffs in January 2016The best energy deals on the market
15 January 2016
Want to cut your energy bills? Then you've come to the right place, as Which? has found you the cheapest energy deals for January 2016.
We keep an eye on the changing energy tariffs and let you know each month which companies are offering the cheapest prices.
GB Energy Supply - a small company that's new to the market - is still offering the cheapest energy deal on the market. But Extra Energy and newcomers PFP Energy and Avro Energy are close behind with competitive deals.
Cut your bills and find out which tariff is the cheapest deal for you by comparing prices at Which? Switch.
Top five cheapest energy deals
These are the top five cheapest dual fuel deals in January 2016 available to customers in all regions. Click the links to find out more about each company.
|Top 5 cheapest energy deals for January 2016|
|Supplier||Tariff||Annual price||Tariff type||Exit fee|
|GB Energy Supply||Premium Energy Saver - Paper and Paperless||£787.05||Variable||None|
|Extra Energy||Fresh Fixed Price Jan 2017 v1 - Paperless||£791.03||Fixed||£25 per fuel|
|PFP Energy||Together - January 2017 - fixed 27 - Paperless||£794.06||Fixed||£30 per fuel|
|Avro Energy||Simple and Save - Paperless||£795.5||Variable||None|
|Extra Energy||Clear Fixed Price Feb 2017 v1 - Paperless||£798.55||Fixed||£25 per fuel|
Table notes: The prices given in the table above are correct as of 12 January 2016 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.
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 than cheaper fixed deals. If you're on one of these tariffs, you're probably 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 £322 a year by switching to the cheapest deal.
- NPower £1,110 - £322 more expensive than GB Energy Supply's Premium Energy Saver
- Scottish Power £1,113 - £314 more expensive
- EDF £1,101 - £313 more expensive
- SSE £1,088 - £313 more expensive
- Eon £1,079 - £291.88 more expensive
- British Gas £1,075 - £288 more expensive
Before switching supplier based on price alone, find out more about the energy companies. We reveal the best and worst energy companies.
(All prices 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 12 January 2015).
Is your energy deal coming to an end?
If your fixed energy deal is coming to an end soon, don't wait to switch. If you do nothing, you will be transferred on to your supplier's standard tariff. In most cases, this will be more expensive.
Your energy supplier has to send you a notification that your tariff is about to expire 42 to 49 days before it ends. From then on, you are allowed to switch without having to pay any exit fee.