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SSE cuts prices finally, but cheaper tariffs elsewhere

As SSE's gas prices finally drop, we look at tariffs that offer even bigger savings.

The final price cut to standard gas prices by a Big Six energy supplier comes into effect today, with SSE customers enjoying a 4.1% cut.

Earlier cuts from E.ON, British Gas, ScottishPower, npower and EDF Energy have already come into effect. Here’s how much each supplier has cut their standard tariff gas prices by, when the change came into effect and the average cost of a dual fuel standard tariff.

Supplier

Gas price cut

When it came into effect

Average dual fuel standard tariff cost

E.ON

3.5%

13th January

£1,215

EDF Energy

1.3%

11th February

£1,228

Npower

5.1%

16th February

£1,264

ScottishPower

4.8%

20th February

£1,251

British Gas

5%

27th February

£1,229

SSE

4.1%

30th April

£1,237

The trouble is, these cuts are only to the standard tariffs, which are already some of the worst deals on offer. Just look at the astronomical cost in that table.

The standard tariff is the one you move onto when your fixed deal comes to an end. It’s the one that boosts the energy suppliers’ coffers, as it makes the most of people's apathy when it comes to switching energy deals.

And by not switching, you’re potentially throwing away hundreds of pounds.

Compare gas and electricity prices and see if you could save

Fixed rate energy tariffs to switch to

So don’t sit on your standard tariff, paying through the nose. Shop around for a better deal. The table below details the very best fixed rate dual fuel tariffs on offer at the moment, and how much they will cost the average household.

Supplier

Tariff

Average cost

First Utility

The Big Deal Collective Switch April 2016

£892.49

First Utility

iSave Fixed May 2016

£899.49

Extra Energy

Fresh Fixed Price September 2016

£913

Extra Energy

Clear Fixed Price March 2016

£919

Extra Energy

Bright Fixed Price January 2016

£919

Npower

Price Fix May 2016

£927

First Utility

iSave Fixed May 2016

£933.49

Scottish Power

Online Fixed Price Energy May 2016

£941.23

Co-operative Energy

Fair & Square May 2016

£944

Sainsbury’s Energy

Fixed Price March 2016

£949.36

Source: loveMONEY gas and electricity comparison centre

Prices based on average consumption as measured by Ofgem of 13,500kWh of gas and 3,200kWh of electricity and a customer paying by monthly direct debit including VAT.

Compare gas and electricity prices and see if you could save

How do I switch energy tariffs?

Many people are put off switching energy deals as they think it will be too much hassle. However, moving energy deals is actually pretty straight forward.

Be sure to read our step-by-step guide on How to switch energy supplier.

Compare gas and electricity prices and see if you could save

More on household bills:

Ten ways to save on energy

Common problems with energy companies

Where to get help with paying your energy bills

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Comments



  • 01 May 2015

    The previous poster makes a very valid comment but the energy companies have the government on their back. Unlike the USA the UK is really a socialist state where government levies for climate change , paying for fat cats at the energy watch teams, paying the bills for those that choose to waste their cash on other items and then cannot afford energy. Then there is competition so lots of money is spent on advertising and paying for sites ,like this one, to push various companies. It is all a scam and we're stuck with it as no party will free us because they perhaps get kickbacks from the privatisation. Of course smaller energy companies such as OVO pay less in scam fees to the government. I am with OVO and have been for five years and they seem to be a fair company with excellent administration.

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  • 30 April 2015

    Some of the regulare readers may have previously read what I've posted below - my apologies. For new readers, please consider the implications in the facts I've posted. As the election looms and we have one politician telling us he'll cap prices, most of the other politicos say NOTHING. I'd like to think they don't know the extent to which we are ripped-off by the energy companies, ignorance in a politician can be expected. If they DO know however....... At least you now know. Please read: On the 21st February this year I read a copy of the Wall Street Journal. Tucked away in an otherwise boring article was a "gem" of a fact. It explained........"On Tuesday, gas for March delivery settled down 4.5 cents, or 1.6% at $2.759 a million British Thermal (heat) Units." It went on to state that prices are still down 40% since November 2014. Now, a quick search on the internet shows me the conversion for BThU to kilowatt hours, and dollar to pound. Skipping the boring maths I can state that the Wall St (when converted) reported a kilowatt hour of gas to be 0.6314 pence per kWh. I pay OVO - a very competitive supplier - 3.38 pence per kWh. Thats a 5.35 times markup or viewed another way 535% markup. If you saw a £2 lottery ticket on sale on Amazon for £10.70 with an explanation that the price increase reflected the sellers costs and desired profit margin you'd NOT pay that price. However, most of us mere mortals don't actually know the cost of raw gas purchased in the open world markets. The big six certainly don't tell us and your article Emma doesn't touch on this aspect. All credit to the Wall Street Journal. And now YOU all know as well. I for one feel justified in my long-held belief that we are seriously RIPPED-OFF in this country for our energy.

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