Many suppliers have already announced their price change plans for 2017. Make sure you're up-to-date with the latest gas and electricity prices rises and price cuts with uSwitch's easy guide
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See which energy suppliers have made gas and electricity prices rises or price cuts, how much prices went up or down by, and when the price changes will come into effect.
And, don't forget, whether gas and electricity prices are rising or falling, it's always a good idea to compare energy prices in your area. Because when you switch your energy supplier with uSwitch, you could save up to £618.
2017 gas and electricity price changes
By December 2016, three of the big six suppliers had announced they would freeze energy prices through March 2017: British Gas, E.ON and SSE. Meanwhile, EDF Energy announced it would be cutting gas prices in January 2017 and raising electricity prices in April 2017.
Meanwhile, many smaller suppliers including Octopus, Co-operative Energy, Bulb and Flow Energy, announced price rises ranging from 2.9% to 15%.
Given EDF Energy's early announcment of its April price increase, it is suspected most of the big six will carry suit once their price freeze deadline has passed, also planned for April 2017.
Suppliers had started off 2016 by announcing price cuts across the board: it began with E.ON in January, and by 11th of February, all big six had committed to dropping prices by roughly 5%. However, these cuts were met with criticism for a few reasons:
- Price cuts were around 5% from each supplier, while wholesale gas costs dropped about 23%
- The price cuts only affected customers on standard plans, and the difference between suppliers' standard plans their own cheapest plan was more than £300 in most cases
- Some suppliers announced the cuts in January, but didn't implement the change until after winter was over — when customers' energy use would go down considerably
|Supplier||Date effective||Avg price change (%)|
|1 March 2017||1.2%|
|1 Feb 2016||5.1%|
|16 March 2016||5.1%|
|15 March 2016||5.4%|
|29 March 2016||5.3%|
|28 March 2016||5.2%|
*Based on a medium energy user on a standard dual fuel tariff, paying on receipt of bill, with bill sizes averaged across all regions.
What should I do?
Whether or not your energy supplier has recently put up prices, it's always a good idea to run a comparison to see if you're still on the best deal.
If you're worried about future price rises you should consider fixed plans, which guarantee your per kWh tariff charges for a fixed period of time.