This month, our analysis reveals smaller suppliers offering energy deals that are considerably cheaper than those from the Big Six energy companies. We discovered one tariff that will cost you less than £1,000 a year.
In our latest monthly update of the energy deals that could offer you the best value for money, we reveal the cheapest deals in July.
All the prices listed below are for a dual fuel, monthly direct debit customer with average usage over 12 months. You could save up to £212 by choosing a smaller supplier.
In order to find the best deal for you, make sure you compare energy prices with our independent comparison site Which? Switch
Top five cheapest energy deals
The cheapest gas and electricity deals available now are:
First Utility iSave Fixed August 2015 – £992.45
Green Star Energy No Worries 12 Month Fixed – £1,009.30
Flow Energy Thames Fixed Online September 2015 – £1,010.06
Extra Energy Fixed Price September 2015 v8 – £1,010.43
OVO Energy New Energy Fixed – £1,028.26
The above tariffs are all fixed, so they offer long-term peace of mind. This means, however, that customers won’t benefit from any price cuts while they are signed up, and they should watch out for exit fees.
Best deals from the Big Six
Here are the standard tariffs from the Big Six suppliers:
Eon £1,159.50 (£167 more expensive than First Utility)
EDF £1,163.60 (£171 more expensive)
SSE £1,174.24 (£181 more expensive)
Scottish Power £1,188.62 (£196 more expensive)
British Gas £1,192.97 (£200 more expensive)
Npower £1,204.91 (£212 more expensive)
Before switching supplier based on price alone, check out the results of our 2014 energy company customer satisfaction survey to find out what customers really think of their suppliers.
Figures are accurate as of 1 July 2014.
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