Each month we scour the energy market to bring you the top five cheapest energy deals. For August, we’ve uncovered two deals available to all for less than £900 a year, as well as a selection of new localised energy deals that offer competitive prices only to those living in certain areas.
The cheapest widely available deal on the market, the Premium Energy Saver tariff from GB Energy Supply, comes in at £870 a year. That’s nearly £300 cheaper than Npower’s standard tariff.
Which? Recommended Provider Ovo Energy is still competitively priced at £918 a year for its Better Energy (online only and 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 comparing energy prices using Which? Switch.
Top five cheapest energy deals
These are the top five cheapest dual fuel deals in August. Click the links to find out more about each company.
1. £870 GB Energy Supply Premium Energy Saver
2. £893 Extra Energy Fresh Fixed Price Nov 2016 v2 (paperless)
3. £904 Sainsbury’s Energy SE Fixed Price August 2016
4. £909 Gnergy Fixed September 2016 (paperless)
5. £913 Extra Energy Clear Fixed Price Nov 2016 v1 (paperless)
All of these tariffs, except the one from GB Energy Supply, are fixed deals and have exit fees of between £25 and £30 per fuel if you want to switch away before the end of the fixed price period.
Peterborough Energy and Southend Energy
Recent weeks have seen the appearance of new local energy partnerships between Ovo Energy and local authorities, offering competitively priced tariffs to local residents.
If you live in the Peterborough area, the Peterborough Fixed tariff would be one of the top five cheapest deal on the market for you. Similarly, Southend Energy Fixed falls in the top five cheapest tariffs for customers who live in the Southend area.
We spotted three such local deals, so if you leave in any of these areas, it might be worth considering these tariffs.
- £881 Peterborough Fixed from Peterborough Energy (a partnership between Peterborough Council and Ovo Energy)
- £881 Southend Energy Fixed from Southend Energy (a partnership between Southend Council and Ovo Energy)
- £917 Fairerpower Fixed from Fairerpower (a partnership between Cheshire East Council and Ovo Energy)
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 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 energy company reviews reveal 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 to find out more.
(All prices above are from Energylinx, based on the details of 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 12 August 2015).