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M&S Energy’s new plan riding wave of popularity

The dual fuel energy tariff is currently the cheapest on the British market and has been selected by thousands of uSwitch users looking to stave off rumoured price rises

M&S Energy currently offers the cheapest energy plan on the market

The tariff has been uSwitch’s most popular plan since its launch in the beginning of August and is expected to attract an increasing number of consumers.

M&S Energy’s Fix & Save plan costs the average user £1,139 per year and ensures customers are safe from this year’s rumoured winter price rises.

The ‘Fix & Save’ plan

The price of the M&S Fix & Save plan is calculated based on the average consumer, using 3,300 kWh of electricity and 16,500 kWh of gas every 12 months, paying monthly via direct debit and averaged across all regions in the UK.

Those looking to switch to the plan should be aware that it includes a £50 cancellation fee which will be levied at anyone who signs up and then decides to switch before the plan ends.

Customers on one of the big six energy supplier’s standard plans, who pay their bills by direct debit spend an average of £1,265 per year, meaning a switch to the M&S deal would save an average of £125.

Those on a standard plan who pay on receipt of their bill, pay an average of £1,353, meaning a change to the cheapest plan on the market would result in an average saving of £213.

Longer term energy plan options

Customers looking to lock in prices for longer should consider npower’s newly launched Price Protector March 2017 tariff, which is priced at £1341 per year. This plan is currently the longest available and does not have a cancellation fee.

ScottishPower’s new Help Beat Cancer Fixed Price Energy January 2017 tariff costs £1,350 per annum and has a £25 per fuel switching fee. ScottishPower donates £10 to Cancer Research UK for every customer who joins the tariff and a further £10 for every year until the plan ends.

Other options include EDF’s Blue+Price Promise December 2014 plan, which offers an annual price of £1209 ad doesn’t include any cancellation fees.

Price rises expected in coming months

Last winter the big six energy suppliers – British Gas, EDF Energy, E.ON, npower, ScottishPower and SSE – raised their prices by an average of 8.25%. In 2011, the same six suppliers hiked costs before winter, resulting in a 14.2% increase in the average energy bill.

Speaking in July, Nick Luff, finance director at Centrica, British Gas’s parent company, said “We will keep prices as low as we can for as long as we can”, but warned “if prices do have to go up, we will delay it for as long as possible.”

Figures released in August revealed that the big six have seen their collective profits increase by £3.3 billion in the past three years. In stark contrast, during the same time frame the average household bill has risen by £300.

Read more

As energy bills look set to rise, is now the time to fix?

npower refuses to rule out winter price rise

Big six energy companies have banked £3.3bn profit since 2010

  • s.robertson

    I have a M&S plan to fix to2014 should I join this new plan

    • Michele Martinelli

      Hi s.robertson,
      I can’t tell you if you would benefit without knowing some details about your location and current energy use. If follow this link – – and run a price comparison, uSwitch will find the best plans available for you.

  • mary

    Why should I be penalised for wishing to pay quarterly ? My two winter quarters are expensive as I have a natural gas AGA so I like to keep an eye on how much that costs (a lot) !! My recent summer quarter was £200 dual fuel but the average winter quarter with Aga and central heating was £600 !! I am with n-power till Nov as penalty if I go early. Any advice ?

    • Michele Martinelli

      Hi Mary,
      Do you pay quarterly on receipt of the bill or by variable quarterly Direct Debit? You can switch 3 weeks before your plan ends as switching takes 4-6 weeks. You can run a comparison here – – to find a better deal.

      As for why it’s cheaper, Monthly Direct Debit gives energy suppliers certain guarantees with regards to customers paying bills on time and also reduces the amount of paperwork and admin work they have to do. These savings are passed on to customers.

  • chrissy

    I wouldnt recommend m&s (southern electric) to anyone.i switched to them 6months ago and have just found out we are paying for electricity for a house round the corner! They failed to match the correct serial number to our address!

    • goldenblls

      Yes but that is just one instance. Are all the energy companies not capable of similar cock-ups?

  • ZIG73

    You claim on the heading of this article that its the cheapest on the market yet your own site claims my current deal with npower is cheaper!!

    • Michele Martinelli

      Hi ZIG73,
      The price of the M&S Fix & Save plan is calculated based on the average consumer, using 3,300 kWh of electricity and 16,500 kWh of gas every 12 months, paying monthly via direct debit and averaged across all regions in the UK. So it won’t necessarily be the cheapest deal for everyone.
      For this reason we always recommend running a price comparison to make sure you find the best plan for you.