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.
[SPOTLIGHT]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.
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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