Each month we scour the energy market to bring you the top five cheapest energy deals. In July, our experts found that there are now over 20 dual fuel deals that cost less than £1,000 a year at medium use.
The cheapest one on the market, the Premium Energy Saver tariff from GB Energy Supply, comes in at under £900. That’s nearly £300 cheaper than Npower’s standard tariff.
Which? Recommended Provider Ovo Energy is still competitively priced at £933 a year for its Better Energy (all online paperless) deal.
Ovo is the only Which? Recommended Provider for energy companies – this means that 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 visiting our independent comparison site Which? Switch.
Top five cheapest energy deals
These are the top five cheapest dual fuel deals in July. Click the links to find out more about each company.
1. £870 GB Energy Supply Premium Energy Saver
2. £899 SSE 1 Year Fixed (paperless)
3. £912 Extra Energy Fresh (or Clear) Fixed Price Nov 2016 v1 (both paperless)
4. £914 Flow Energy Connect or Variable (both paperless)
5. £917 Green Star Energy Rate Saver 12 Months Fixed 1507 (paperless)
All of these tariffs, except the ones from GB Energy Supply and Flow Energy, have exit fees of between £25 and £30 per fuel.
SSE only launched its 1-year Fixed at £899 on the 9 July, pushing it into the top five cheapest deals. It’s been a long time since one of the Big Six energy companies reached the top five.
Flow Energy is quite a new entrant in the British energy market. Flow Energy was rated well by its customers in our satisfaction survey – its score 73% found it towards the top of our table, compared to the other 17 energy providers we have customer scores for.
It currently offers two very competitively priced tariffs (Flow Connect and Flow Variable).
Interestingly, Flow Energy also offers its customers the opportunity to buy the innovative Flow boiler. The Flow boiler is a new type of boiler which generates electricity for your home at the same time as heat.
Current standard tariffs from the Big Six
The Competition and Markets Authority recently found that about 70% of households are 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 £299 by switching to the cheapest deal:
1. Eon £1,135: £265 more expensive than GB Energy Supply Premium Energy Saver
2. SSE £1,146: £276 more expensive
3. EDF Energy £1,155: £285 more expensive
4. British Gas £1,156: £286 more expensive
5. Scottish Power £1,166: £296 more expensive
6. Npower £1,169: £299 more expensive
Before switching supplier based on price alone, find out more about the energy companies.
Our research reveals 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.
(All prices are from Energylinx for a dual fuel medium user -13,500kWh of gas and 3,200kWh of electricity a year – paying by monthly Direct Debit and choosing paperless billing. Prices are averaged across all regions and correct as of 9 July 2015.)