Energy price rises aplenty are coming into force, but exclusive Which? research has found that you could turn back the clock on your energy bills to 2008 prices, cutting your bill by 22%.
Millions of customers with British Gas, Eon, EDF Energy, Npower, Scottish Power and SSE on their standard energy deals are overpaying for energy. The average annual cost of a dual-fuel deal with a Big Six supplier will be £1,131 after all of their price rises have taken effect. But the cheapest energy deal on the market costs just £839 per year.
Scroll down to see the 10 cheapest energy deals available now.
Fed up with paying too much for energy? You can find a cheaper gas and electricity deal now with our independent energy comparison site Which? Switch.
Energy price rises
Five of the Big Six energy firms, excluding British Gas, have either already raised their prices or will do so during April. Smaller firms, including Co-operative Energy, First Utility, Ovo Energy and Utilita, have also announced price hikes.
Most recently, not-for-profit energy firm Robin Hood Energy said it will increase prices by 17% for dual-fuel customers on its standard tariff from 22 April.
The government is considering the possibility of introducing an energy price cap, to protect vulnerable customers overpaying the most – although nothing definitive has been announced. Customers with prepayment meters will see a price cap come into force from 1 April.
Which? Managing Director of Home Products and Services, Alex Neill, said: ‘Far too many people are still stuck on some of the most expensive deals. With five of the Big Six set to increase their prices, consumers could save £250 a year by switching to a cheaper deal now.
‘With speculation rife that the Government may introduce a price cap, it is vital the regulator ensures that any price control makes a real difference for people struggling with their bills.’
Ten cheapest energy tariffs on 25 March 2017
|Energy firm||Tariff name||Tariff type||Annual cost|
|Iresa||Flex4 12month Fixed Direct Debit||Fixed||£839|
|Economy Energy||Direct Saver 2017||Fixed||£843|
|Avro Energy||Simple and Bright||Fixed||£871|
|Tonik Energy||Positive Energy||Fixed||£880|
|So Energy||So Hippo||Fixed||£880|
|Toto Energy||Go with the flow – direct debit||Variable||£885|
|Affect Energy||Fixed Until March 2018||Fixed||£896|
|Bristol Energy||Britsol Energy 1 Year Fix||Fixed||£906|
|iSupply Energy||iFix 12||Fixed||£907|
|Octopus Energy||Octopus 12M Fixed||Fixed||£907|
What you need to know about standard gas and electricity deals
Standard energy tariffs, also called variable tariffs, are an energy supplier’s default tariff. If your fixed energy deal comes to an end, you’re out of contract and you’ll automatically be transferred onto a standard tariff, unless you take action and switch to another fixed deal.
Standard tariffs are often your energy company’s priciest tariff. So it’s a good idea to keep an eye on your energy deal and switch before you roll onto a standard tariff.
Compare and switch suppliers
Which? research has discovered that switching from a pricey standard tariff to one of the cheapest on the market could help you turn back time on your energy bills.
[Pricing data from Energylinx, correct at 25 March 2017. Prices are based on typical medium household use (12,500kWh gas and 3,100kWh electricity per year), paying by monthly direct debit. Prices are averaged across all regions. Only tariffs available UK-wide are included.]
In 2008, gas prices were 25% lower and electricity prices were 23% lower than in February 2017, according to the official measure of UK inflation (CPIH).