Top five cheapest energy deals in April 2016Want to save money on your energy bills? Read on
17 April 2016
We have found you the cheapest dual-fuel energy deals on the market in April. Surprisingly, one of the Big Six, SSE, has made it into the top spot.
Usually we never see any of the Big Six energy firms - British Gas, EDF, Eon, Npower, Scottish Power and SSE - in our top five cheapest deals. For the first time ever, one of them - SSE - is offering this month's cheapest fixed-term tariff.
The rest of the top five cheapest tariffs come, as usual, from smaller energy companies.
Given that wholesale gas prices are the lowest they have been for a decade*, the recent, rather measly, gas price drops across the rest of the Big Six have had little impact on the competitiveness of their tariffs.
If your tariff is coming to an end or if you're on a standard (also known as a variable) tariff, now is a good time to see how much money you can save.
Use our independent switching site, Which? Switch, to find the cheapest energy deal.
Top five cheapest energy deals
These are the top five cheapest dual fuel deals in April 2016 available to customers in all regions. Click the links to find out more about each company.
|Top five cheapest energy deals for April 2016|
|Supplier||Tariff||Annual price||Tariff type||Exit fee|
|SSE||1 Year Fixed v6||£745||Fixed||£60 (£30 per fuel)|
|GnERGY||Fixed June 2017||£751||Fixed||£50 (£25 per fuel)|
|Flow Energy||Connect 6 - Paperless||£752||Fixed||£60 (£30 per fuel)|
|PFP Energy||Together - September 2017 - fixed 32 - Paperless -||£752||Fixed||£60 (£30 per fuel)|
|So Energy||So Crocodile||754||Fixed||£10 (£5 per fuel)|
Table notes: The prices given in the table above are correct as of 13 April 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 standard variable tariff offered by one of the Big Six energy firms. These tariffs are usually more expensive than the cheapest tariff available on the market. If you are 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 £332 a year by switching to the cheapest deal. Don't think you're exempt if you're with SSE - you'll still be paying £311 more than its cheapest deal:
- Npower £1,077 - £332 more expensive than SSE's 1 year fixed tariff
- Scottish Power £1,070 - £325 more expensive
- EDF £1,069 - £324 more expensive
- SSE £1056 - £311 more expensive
- Eon £1,050 - £305 more expensive
- British Gas £1,044 - £299 more expensive
If your energy tariff is coming to an end, switch
In these top five energy deals, three suppliers offer a yearly fixed tariff with a £30 exit fee for both gas and electricity. This means they will sting you for £60 to exit the dual-fuel tariff.
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.
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.
Don't pay your energy company more than you need to. Use our switching site, Which? Switch, to find the cheapest energy deal.
*(According to industry analysts at the ICIS Power Index.)
(All prices are from Energylinx, and are 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 February 2016.)