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Top five cheapest energy deals for August

Which? reveals you could save up to £216


Smaller energy suppliers could be a much cheaper option than the Big Six

Our monthly analysis of the energy market has unearthed the cheapest energy deals available, including three dual fuel tariffs that cost less than £1,000 per year.

This month, The Co-operative, First Utility and Extra Energy offer annual dual fuel tariffs that cost less £1,000.

The top five cheapest deals we’ve found are considerably cheaper than the standard tariffs offered by the ‘Big Six’ energy companies. You could save £216 by choosing The Co-operative Energy Fair and Square deal, compared with the priciest standard plan from the large suppliers.   

To make sure you are getting the best energy deal, visit Which? Switch and compare energy prices, based on your energy usage.

Top five cheapest energy deals

All prices listed below are for dual fuel tariffs, paying by Monthly Direct Debit. They have been calculated using Ofgem average consumption figures of 13,500kWh for gas and 3,200kWh for electricity.

1. The Co-operative Energy: Fair and Square – £988.70

2. First Utility: iSave Fixed September 2015 – £992.48

3. Extra Energy: Fixed Price September 2015 v13 – £994.23

4. Green Star Energy: No Worries 12 Month Fixed Online – £1,009.30

5. Flow Energy: Thames Fixed Online September 2015 – £1,010.06

The above tariffs are all fixed for a minimum of 12 months from August 2014, 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. Exit fees may apply if you want to switch before the end of the 12 months.

Current standard tariffs from the Big Six

Here are the standard tariffs from the Big Six suppliers:

1. Eon £1,159.50 (£171 more expensive than The Co-op)

2. EDF £1,163.60 (£175 more expensive)

3. SSE £1,174.24 (£185 more expensive)

4. Scottish Power £1,188.62 (£200 more expensive)

5. British Gas £1,192.97 (£204 more expensive)

6. Npower £1,204.91 (£216 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.

More on this…

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