Challenger GB Energy Supply launches cheapest energy tariff
Little-known supplier has topped the energy best buy tables.
There's a new name at the top of the energy best buy tables, and it's one you may not be familiar with.
GB Energy Supply has stormed into top spot with the Premium Energy Saver tariff, which will set back the average user just £870 a year, much cheaper than the rest of the market.
Who is GB Energy Supply?
Established only last year, GB Energy Supply is based in Broughton, near Preston.
The firm says that it can keep its prices low by having very little overheads, preferring to grow its business through word of mouth rather than popping up in the media.
GB Energy Supply is a simple, single tariff provider which doesn’t charge exit fees.
However, as it’s a new company it hasn’t had a lot of time to build a customer base or develop much of a reputation.
The best energy deals around
Of course GB Energy Supply has the cheapest tariff on the market at the moment, but how far behind are its nearest competitors?
|
Energy supplier |
Tariff name |
Average UK price |
|
GB Energy Supply |
Premium Energy Saver |
£870.00 |
|
First Utility |
The Big Deal Collective Switch April 2016 |
£892.49 |
|
First Utility |
iSave Fixed May 2016 |
£899.49 |
|
Extra Energy |
Fresh Fixed Price Sept 2016 v1 |
£913.00 |
|
Extra Energy |
Clear Fixed Price March 2016 v5 |
£919.00 |
|
Extra Energy |
Bright Fixed Price Jan 2016 v9 |
£919.00 |
|
Npower |
Price Fix May 2016 |
£927.00 |
|
First Utility |
iSave Fixed May 2016 |
£933.49 |
|
Scottish Power |
Online Fixed Price Energy May 2016 |
£941.23 |
|
Co-operative Energy |
Fair and Square May 2016 |
£944.00 |
Based on 3,200 kWh of electricity and 13,500 kWh of gas paid by monthly direct debit including VAT
Source: loveMONEY energy centre
It seems that the Big Six are falling further and further behind their smaller competitors with only npower and Scottish Power appearing in the top 10. First Utility and Extra Energy dominate the rest of the table with their competitive deals.
Make sure you find the best deal for you depending on what’s available in your area as well as your average energy consumption. The best way to do this is by shopping around - why not start with the loveMONEY energy comparison centre?
For more advice, read How to switch your energy supplier.
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