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ScottishPower rocks energy market prices (again)

ScottishPower has announced the arrival of the cheapest energy deal on the market with its new plan – the Online Energy Fixed November 2013.

At £1,052 a year, the new plan is £2 cheaper than EDF Energy’s Blue+ Price Promise September 2013. It also offers fixed price protection until 31st October, 2013 – one month longer than EDF Energy’s plan.

It makes ScottishPower the first of the Big Six energy suppliers to challenge EDF Energy’s position as the cheapest supplier in the market. In April, EDF Energy launched its ‘Blue +Price Promise September 2013’, which guaranteed no price rises until September 2013 and no termination fee if you wanted to switch energy suppliers.

In an unprecedented step, the energy supplier also promised that it would notify customers when another energy plan was less than £1 a week cheaper. Because the saving is just £2 a year the new ScottishPower plan does not fall into the scope of EDF Energy’s Price Promise – so far no supplier has come anywhere near this yet.

Tom Lyon, energy expert at uSwitch, said: “This could be the spark we need to ignite a price war. ScottishPower is the first of the big six to openly challenge EDF Energy’s position as the cheapest supplier. With the Olympics about to start, and EDF Energy’s prominent involvement as a sponsor, it will want to retain that crown so we may see a retaliatory move.

“If suppliers start to battle it out, consumers will benefit. Not only can they switch to a more competitive deal, but they can also enjoy the peace of mind offered by a fixed price plan at no extra cost.”

Cheapest Big Six energy plans:

Supplier

Plan Name

Price*

ScottishPower

Online Energy Fixed November 2013

£1,052

EDF Energy

Blue +Price Promise September 2013

£1,054

npower

Bill Saver August 2013

£1,061

E.ON

SaveOnline 12

£1,113

British Gas

Online Variable Aug 2013

£1,120

SSE

Fixed Discount April 2014 (with paperless billing)

£1,140

Average

£1,090

*Based on a medium user consuming 3,300kWh electricity and 16,500kWh gas with bill sizes averaged across all regions

Read more

Cheapest energy supplier – Most energy suppliers at one point or another claim to have the cheapest tariffs, but are they telling the truth?

Gas and electricity price changes – Keep up to date with the latest gas and electricity prices rises and price cuts with uSwitch.

Utility bill breakdown – What are you actually paying for in the average utility bill?

  • Michael Martin-Smith

    This is not a real price war. For that we need to start seeing price cuts of
    20-30 % driven by true cut-throat competiton. What goes up MUST be made to
    come down, if Britons’ trust in Utility companies is ever to be restored.
    New independent energy suppliers need to be licensed, and shale gas brought
    on line from UK reserves.
    The USA has lowered costs of electricity generation from shale gas by 50% in
    2-3 years. Our suppliers must be bullied into matching that achievement here

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