ScottishPower has just become the third of the Big Six energy providers to cut its gas prices.
ScottishPower has announced it is cutting its gas prices by 4.8% from 20th February.
According to the energy provider, the cut equates to a saving of £33 a year on average.
Scottish Power is the third member of the Big Six energy providers to cut gas prices over the last week, following E.ON and British Gas
It has also launched a new fixed-price tariff, which will cost the average energy user £930 a year. Existing fixed-price tariff holders can switch over without any exit fees.
Compare more gas and electricity tariffs with lovemoney.com
Who’s the cheapest now?
As the table below demonstrates, Scottish Power is still not offering the cheapest deal despite its competitive new tariff. Instead Extra Energy is currently pipping First Utility to the post, if only by £1 for the average energy user.
|
Energy supplier |
Tariff |
Type of tariff |
Average annual cost |
|
Extra Energy |
Fresh Fixed Price Jan 2016 v8 |
Fixed (until January 2016) |
£918 |
|
Extra Energy |
Clear Fixed Price March 2016 v4 |
Fixed (until March 2016) |
£919 |
|
First Utility |
iSave Fixed March 2016 (v44) |
Fixed (until March 2016) |
£919.49 |
|
OVO Energy |
Better Energy Fixed (Online)* |
Fixed (for 12 months) |
£920 |
|
E.ON |
EON Fixed 1 Year v14 Paperless |
Fixed (for 12 months) |
£922.99 |
|
Extra Energy |
Bright Fixed Price Jan 2016 v8 |
Fixed (until January 2016) |
£925 |
|
ScottishPower |
Online Fixed Price Energy February 2016 |
Fixed (until February 2016) |
£930 |
|
Green Star Energy |
Rate Saver 12 Month Fixed 1501 |
Fixed (for 12 months) |
£931.60 |
|
E.ON |
E.ON Fixed 1 Year v14 Paper |
Fixed (for 12 months) |
£932.99 |
|
Co-operative Energy |
Fair & Square March 2016 v2 |
Fixed (until March 2016) |
£944 |
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.
*Not available in region 17- Scottish Hydro area
Just be aware that the price of your energy will be based on your postcode and may be more expensive, or even cheaper, than the ones listed.
Compare more gas and electricity tariffs with lovemoney.com
More on energy:
British Gas to cut prices by 5%