Here Are the Cheapest Energy Tariffs on the Market (And How To Possibly Pocket Nearly £300)
Don’t let the ease of the summer months leave you blindsided by massive price hikes.
Summer temperatures are not the only things rising right now – 52 Standard Tariffs (the most expensive, which you may unwittingly be on) are going up soon, and it’ll cost you dearly long after summer has ended. In a few months when the temperatures drop, you’ll be glad that you invested a few moments of your time to keep your tariffs low now.
Standard Tariffs are the most expensive and the most common. It’s likely you are on one, and are unwittingly throwing away money – for zero in return.
There is only one way to get the cheapest energy tariffs out there – to compare and switch. So, to the point –
Here are the lowest tariffs you can get today*:
- Very Low: Breeze – Breeze Energy UK Fixed 1 Year – £284 less* than the average Standard Tariff
- Even Lower: OneSelect – Secure 1 Year Fixed – £293 less* than the average Standard Tariff
- The Lowest: Economy Energy – Online Saver – £299 less* than the average Standard Tariff
*Typical Tariff Cost is £1,142
Chances are that the above list shows a tariff much lower than what you’re paying. So, how do you (easily) stop throwing away money?
There is only one way to get the cheapest energy tariffs out there – to compare and switch.
It may seem there is a bunch of secrecy around getting a good tariff. The truth is this – the only way to get the lowest tariff is to switch.
It’s probably a lot easier than you imagine – it shouldn’t take more than a few minutes.
What do you need to switch?
The best thing is a copy of a recent bill or an annual statement from your energy supplier that lists your kilowatt hours (your usage level) will give you the most accurate savings.
If you don’t have those, you can still switch online* provided you know your postcode, supplier and rough spend eg. your monthly direct debit amount.
And if you don’t know your usage or spend* – don’t worry, you can still save. You can use our simple estimator, to get an idea of your usage.
*Please note that your switch must be done online if you don’t have a recent bill or statement listing your kilowatt hours.
How long will switching take?
It normally takes a few minutes to get a quote, and about 10 minutes to do a simple switch application (If you’d prefer someone else to do the work just call us up at 0800 074 0745).
Once everything is submitted, we’ll then confirm everything in writing by email or letter. From this point, you have a 14 day cooling off period dependent on the new supplier. Early in the switching process, you will get a welcome pack from your new supplier.
From submitting your switch application, it normally takes 3-4 weeks for the switch to go live.
Direct Debit: Instant Payment = Instant Savings
This is by far the easiest way to save money on your tariff – when you go about choosing your new supplier, simply choose the Direct Debit option to give yourself up to £75 in savings, all from a single click.
Switching can be done without fees, up to 49 days before the end of your contract
There’s no need to wait until the very end of your contract. If you wait and forget, your tariff could automatically change to the supplier’s default standard variable contract, which often means paying top prices.
Does your contract have more than 49 days on it? That’s OK too – you just may have to pay a cancellation penalty for leaving (though sometimes you don’t need to).
Remember once your fix ends you will likely be moved to your supplier’s standard price unless you opt for a new deal from them or switch. Standard tariffs tend to be expensive.
Don’t be one of the many people who have reached the end of their contract, and received an awful surprise when then opened their next bill.
“Switch now, so you are fully settled before the cold tortures the UK again later this year.”
– Mark Todd, Founder of energyhelpline
P.S. – Want an Easy Way to Help the Environment? Switch to Green Energy.
Don’t mind paying a bit more to help the environment? A small investment in Green energy, will result in big payoffs for the Earth, and our children’s futures. We will be doing a special feature next week on the best green energy tariffs, and what they mean for the environment, and your wallet.
* Saving calculated against an average bill of £1,142 (Average of Big 6 energy suppliers’ Monthly Direct Debit payment method standard tariffs) after price rises enacted.
1. Source: energyhelpline.com, 11/07/17
2. All calculations are for an average usage dual fuel household paying by monthly direct debit.
3. Average usage as defined by OFGEM is 12,500 kWh pa of gas and 3,100 kWh pa of electricity
4. Expected savings include announced price rises coming into effect in March 2017