Comparing energy prices is essential to not overpaying on your energy bills
Thinking about switching your energy? The first thing most consider is how much money they can save. This is easy to find out – simply compare energy prices online and we'll do the hard work for you. But there's more to it than the cheapest energy deals. This guide will help you quickly understand how to compare energy prices.
Who's the cheapest gas and electricity supplier on average?
The below table shows the cheapest tariffs currently available based on a medium energy user with bill sizes averaged across all regions:
|Fixed March 2015||£1168|
|New Energy + Ovo Just Reward||£1,175|
|Energy Fixed 1 Year||£1,178|
|iSave Fixed12 June 2015||£1,178|
|Blue + Price Promise March 2015||£1,183|
|Price Fix April 2015||£1,202|
**This table does not include advance payment plans (payments are taken in advance of energy usage).
What to consider when comparing energy prices
The above price comparison table gives you some indication as to which suppliers are now offering the cheapest tariffs, but you won't know which is best for you, and how much you'll pay, until you run your own energy price comparison.
Using a price comparison site such as uSwitch, means several factors specific to you, including your consumption and location, will be taken into account to find the best energy plan for you to switch to.
After you have run an online energy price comparison, you may find that you’re presented with a supplier as your cheapest option that you may not have heard of, or know very little about. This is paticularly likely if the best electricty deal is offered by a small supplier.
So if price isn’t the only factor involved, what else should you consider before you choose a new energy supplier? You may want to consider:
- Payment options available
- Contract terms (e.g. are there cancellation fees, a tie-in period, is it fixed rate or variable?)
- Reward schemes/other benefits
- Customer service
- Online services
- Transfer process
What is most important to you?
Our research shows that when choosing a new energy supplier, price is the most important factor to most of you.
To find the cheapest supplier for you, simply compare energy prices online with uSwitch. But if you’re not all about the money, then it is important to consider the terms of the contract that the suppliers are offering you.
For example, are they going to charge you exit fees for switching early? Try to avoid signing up to any contracts that seriously restrict your ability to switch later, unless they represent a particularly good deal.
Reward schemes and other similar benefits could have a big sway on your decision, as some suppliers offer incentives such as supermarket reward points, which could represent great value to you. Each of these will be highlighted on our price comparison site.
Customer services can be a real sore spot for some customers. An energy supplier with an effective customer services team can make a massive difference to your experience with them, and may even help to retain you as a customer.
How to find the right energy supplier for you
Once you have compared energy prices online, you can also use our price comparison service to find out what other people think of your new energy supplier.
You’ll find a customer satisfaction score next to each supplier, and if you click on this, you can see what our customers rated the suppliers in each of the areas listed above.
Compare gas and electricity prices online today and see if you could save up to £350 by switching your energy supplier.
Would a switch affect my energy supply?
No. When you run an energy cost comparison on our price comparison site there is no need to worry about potential energy outages. Should you decide to switch to a new energy provider, the latter will work through the handover with your current supplier.
Don’t be put off running an energy price comparison – you could save up to £350
In short, you can compare energy costs without worrying about any of the issues you might associate with a potential switch.