Bigger savings are available on your energy bills than we’ve seen for several months. Plus one of the cheapest tariffs is from a highly rated firm in our latest energy companies satisfaction survey.
The cheapest deal we’ve found could save the average household around £359 per year (compared with the energy price cap). That’s a big enough saving to invest in a new energy-saving appliance, reducing your bills even further.
Four of the five cheapest deals are from firms included in our satisfaction survey – so it’s worth checking the results before deciding to switch to one of them, to make sure you get a good price from a decent supplier.
Keep reading to see the top five cheapest energy deals, or compare gas and electricity prices now using Which? Switch, our independent energy comparison website.
You can also phone us on 0800 410 1149 or 01259 220235.
Cheapest gas and electricity deals
Here we’ve listed the five cheapest energy tariffs available now, based on the annual price for a household using a medium amount of gas and electricity. Your exact bill depends on how much energy your home uses.
The prices are averages across all regions, plus we’ve calculated how much you’d save compared with the current price cap that limits how much suppliers can charge per kilowatt hour (kWh) of electricity and gas.
This is currently set at £1,179 per year for a medium user, but will change on 1 April.
Top five cheapest gas and electricity deals
Four of the five cheapest deals this month are fixed. Pick one and your rates will be set for the length of the deal. Two of these come with exit fees, though – so it will cost you £60 if you spot a deal you prefer and want to switch before the contract is up.
The cheap variable deal from Outfox the Market doesn’t have exit fees, but the price you pay can change whenever the firm raises or lowers its prices. It must give you 30 days’ warning of any changes though.
Outfox the Market’s terms and conditions also say that it can increase customers’ winter direct debits by 25% in their first year to cover ‘additional usage in the winter months’.
People’s Energy’s tariff requires you to pay for two months’ energy use before it starts supplying you – so it’s a pricey start to cheaper rates.
With Gulf Gas & Power, the only way for customers to communicate with the company is by email. So it’s not the deal for you if you like the comfort of being able to phone your energy supplier.
What customers think of February’s cheapest energy firms
Four of February’s five cheapest deals are from firms included in our latest energy companies satisfaction survey.
Gulf Gas & Power is too small to be included in this year’s survey.
Cheapest deals from top-rated energy firms
To get the best of both price and service, pick from our list of the cheapest deals from the five highest-scoring companies in our annual energy companies satisfaction survey.
Our results were published just last month, giving you the most up-to-date picture of what customers really think of their energy supplier.
Top five cheapest deals from highly rated firms
The cheapest deal from a top-rated firm in our annual survey is also among the cheapest five deals overall this month. The People’s Energy Company tariff does require two months’ payments upfront, though, so it will cost you more to begin with than the other tariffs listed.
Between them, The People’s Energy Company and Powershop are offering all of the cheapest five tariffs from suppliers rated in the top five, according to customers. These firms finished joint-fifth.
They’re all fixed deals, and Powershop’s come in three durations – the longer the deal is, the pricier. None have exit fees, though, while those from The People’s Energy Company do.
If you’re not happy with the price you’re paying or the service you’re getting from your energy supplier, find out how to switch in easy steps.
Quick hacks to cut your energy bills
Worried about the size of your energy bill this winter? While you’re waiting for your switch to go through (it takes around 16 days on average, according to energy regulator Ofgem), try these tips to cut your energy costs:
- Use your heating controls to set times for when your heating and hot water turn on and off to suit your schedule, and don’t heat parts of your home you don’t use.
- Avoid putting warm food in the fridge or freezer – it makes it work harder. Try defrosting frozen food in your fridge to reduce the amount of electricity it needs to keep cool.
- Replace your light bulbs with LEDs. Once you’ve bought them, LEDs cost around £1.71 a year to run, compared with £8.52 for a halogen bulb.
- Block up draughts around doors, windows, loft hatches and chimneys to save up to £20 a year.
- Only boil the kettle with as much water as you need, and descale it regularly. Limescale build-up means you’re using more energy to boil the same amount of water.
See even more ways ways to cut your energy bills.
Which? energy pricing research
Prices are based on a dual-fuel tariff available in the regions stated, paying by fixed monthly direct debit, with paperless bills.
Energy use is based on Ofgem’s annual average figures for a medium user (12,000kWh gas and 3,100kWh electricity per year).
Data is from Energylinx. Price given are averages across regions, rounded to the nearest whole pound and correct on 3 February 2020.