Each month, we scour the energy market to bring you the top five cheapest energy deals. In October, we’re seeing more and more cheaper deals – about 20 deals are now below £900 a year.
The cheapest widely available deal on the market is Premium Energy Saver tariff from GB Energy Supply. It comes in at £831 a year. That’s nearly £282 cheaper than Scottish Power’s standard tariff.
Which? Recommended Provider Ovo Energy is still competitively priced at £871 a year for its Better Energy deal (online only and paperless).
Ovo is the only Which? Recommended Provider for energy companies – this means 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 prices at Which? Switch.
Top five cheapest energy deals
These are the top five cheapest dual fuel deals in October available to customers in all regions. Click the links to find out more about each company.
|Top 5 cheapest energy deals for October 2015|
|Supplier||Tariff||Annual price||Tariff type||Exit fee|
|GB Energy Supply||Premium Energy Saver||£831||Standard (evergreen)||None|
|Extra Energy||Fresh Fixed Price Dec 2016 v3 (paperless)||£838||Fixed||£25 per fuel|
|First Utility||iSave Fixed December 2016 v4 (paperless)||£843||Fixed||£30 per fuel|
|Flow Energy||Connect 2 (paperless)||£848||Fixed||£30 per fuel|
|GnERGY||Fixed November 2016 (paperless)||£849||Fixed||£25 per fuel|
Table notes: The prices given in the table above are correct as of 15 October 2015 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.
Is your energy deal coming to an end?
If your fixed energy deal is coming to an end soon, don’t wait to switch. If you do nothing, you will be transferred onto your supplier’s standard tariff which will, in most cases, be more expensive.
Your energy provider has to send you a notification that your tariff is about to expire 42 to 49 days before it ends. From then, you are allowed to switch without having to pay any exit fee.
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 £282 a year by switching to the cheapest deal.
1. Eon £1,079: £248 more expensive than GB Energy Supply Premium Energy Saver
2. SSE £1,088: £257 more expensive
3. EDF Energy £1,101: £270 more expensive
4. British Gas £1,075: £244 more expensive
5. Scottish Power £1,113: £282 more expensive
6. Npower £1,110: £279 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 energy companies reviewed to find out more.
(All prices are from Energylinx, 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 15 October 2015).