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How Your Energy Comparison Works
Simple energy rate comparison in just 30 seconds.
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Why Energy Comparison Is Important
Wondering if switching energy suppliers is the right move now that the price cap level has been lowered? If you’re looking for some certainty around energy prices, you’re not alone.
A quick 30-second energy comparison is all it takes to ensure you're getting a great deal. What have you got to lose?
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Can I Compare Energy Deals?
Energy suppliers have started offering competitive tariffs allowing households all over the UK to switch.
We're proud to have our energy comparison service rated as Excellent based on over 4,000 reviews. We love helping our customers find great energy deals whether you’re looking for home or business energy.
It takes just 30 seconds to find live prices using our energy comparison engine; providing you with all the information allowing you to make an unbiased informed decision on who your new energy supplier should be.
Choosing Your Energy Tariff
Selecting the right tariff type could help you reduce your costs if you're looking to secure a cheap energy deal. When comparing energy tariffs, it’s important to consider how and when you use gas and electricity.
For example, if you use most of your energy at night, switching to a multi-rate tariff could help you save money. Below, you can find information on some of the most common types of gas and electricity tariffs.
Fixed Rate Tariff
You agree to a fixed unit price and standing charge for a set amount of time.
The supplier cannot increase or decrease the price you pay for the length of the contract even if the wholesale price increases or decreases. This is great for households that want protection against increases and budget certainty. If prices come down, you can pay the supplier exit fees to get a new deal (only worth it if you are still getting a great deal with exit fees included).
Variable Rate Tariff
A variable rate tariff means that your unit rate and standing charges change every month depending on the wholesale market. This means if something happens in the world that impacts energy prices, it will impact the price you pay. This is a great option for those who want some flexibility.
Green Energy Tariff
Green energy tariffs have become increasingly popular as we put more focus on our environmental impact.
Some suppliers will offer 100% renewable electricity, putting naturally sourced energy back into the grid.
A renewable tariff may also include carbon offsetting. This involves your supplier funding projects that help tackle carbon emissions to offset the gas customers use.
Prepayment Meter Tariff
A prepayment meter is a pay-as-you-go system that allows you to control how much you're spending.
You will need to top up your energy meter with credit to use your energy. Many suppliers now allow you to top up online or via an app making it much more convenient.
Economy 7 Tariff
Economy 7 offers cheaper unit rates during night-time and off-peak hours. This is great for anyone who is typically at home during unsocial hours only as suppliers often set higher rates during the daytime. This could save someone a significant amount of money in the right circumstances.
Dual Fuel Tariff
Some suppliers offer a discount if you switch both your gas and electricity tariffs to them. Most people have the same supplier for gas and electricity unless you're a business. This makes it much easier to manage your energy.
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Choosing Your Energy Supplier
|
Energy Suppliers |
Trustpilot Rating (max score 5) | Highlight |
|---|---|---|
| EON Next | 4.3 | Online supplier for home and businesses |
| Scottish Power | 4.3 | UK Big Six supplier for home and businesses |
| EDF Energy | 4.4 | UK Big Six supplier targeting net zero |
| British Gas | 4.1 | UK’s largest energy supplier |
| Crown Gas & Power | 4.8 | Specialises in business gas |
| Smartest Energy | 4.0 | 100% renewable business energy supplier |
| Valda Energy | 3.9 | Business energy supplier with 24/7 account management |
| Ovo Energy | 4.4 | UK Big Six energy supplier |
| British Gas Lite | 1.6 | Online business energy |
| SSE Business Energy | 1.2 | Large business energy |
What Are The Latest Energy Prices?
We've seen the price come down significantly since their peak highs just a few years ago, and although they are not as low as they once were, we are seeing more stability in prices.
The current energy price cap for October to December 2024 is set at £1,717 for the typical UK household. This is an increase of 10% from the last update set by Ofgem.
How To Reduce Energy Usage
If energy comparison is not an option for you, there are still other things you can do to lower your home energy bills, such as:
- - Install smart meters to monitor the household’s energy usage
- - Use smart plugs to monitor appliances
- - Use a smart thermostat
- - Lower the temperature of your central heating
- - Wash clothes at a lower temperature
You can find more energy-saving tips here.
What Should I Consider When Comparing Energy Prices?
There are a few things to consider when comparing energy deals, and looking to switch:
- - Exit fees - if you regret your switch after the cooling-off period, exit fees are often applied. Any switch should take these fees into account to ensure you're saving money.
- - Contract length - the price cap changes every three months, so when locking in a 12 or 24-month contract you run the risk of overpaying versus the price cap by the end of your contract. On the plus side, you are protected against unforeseen price cap rises.
- - Compare the unit price per kWh - your energy quote may give you an annual cost or a direct debit cost, however, that is based on your previous usage and isn’t an indicator of future usage. Rather, compare unit prices to be sure the one you are switching to is cheaper than the energy price you are paying.
Should I Get A Fixed Electricity Deal?
Suppliers are releasing deals cheaper than the current price cap level. Most UK households are currently paying a more expensive variable rate. There’s no guarantee that prices will remain lower as it is difficult to predict the future.
If you find an attractive fixed-rate deal, switching to secure yourself against future fluctuations could be worth it.
On the flip side, if you decide to stay on your variable tariff, you will continue to pay the price set by the market at any given time. This changes from month to month. If you did decide to switch, there’s still the option to cancel mid-contract, although you may face an exit fee (usually around £30 per fuel). Based on your circumstances, it is up to you to decide if a fixed-rate deal is right for you.
What Details Do I Need For My Energy Comparison
All you need to switch energy suppliers is your address, including your postcode. From there our system can find your energy usage.
We’ll also need a name, phone number and email so that we can walk you through your switch.
What's Included In My Energy Bill?
Breaking down your energy bills helps you understand what drives the cost of your energy.
Ofgem has a breakdown of the costs included in a domestic energy price cap bill. The energy price cap from April to June 2024 takes the following into account and is broken up as follows:
- Wholesale energy costs - £720 (43%)
- Network maintenance costs - £368 (22%)
- Operating costs - £223 (13%)
- Policy costs/levies - £188 (11%)
- VAT - £81 (5%)
- Earnings before interest and tax (EBIT) - £40 (2%)
- Payment type adjustment allowance - £28 (2%)
- Headroom allowance - £18 (1%)
- Direct debit payment method uplift allowance - £15 (1%)
Energy Comparison & Energy Switching FAQs
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How Long Does It Take To Switch To A New Energy Deal?
The length of time it takes to switch can depend on whether you’re a business or domestic user, and on your tariff type.
Guidelines such as the Energy Switch Guarantee offer an agreement with suppliers to complete domestic and business energy switches within 5 working days. The process can take longer where extra work is required to complete your switch. This could include installing a new meter at your premises.
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Where Can I Find The Best Gas And Electric Deals?
Comparing multiple energy suppliers and tariffs is the best way to find competitive gas and electricity deals.
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How Do I Get A Refund For Energy Over Payment?
In the vast majority of cases, all you need to do is ask. Industry regulator Ofgem has rules that force suppliers (including any of your previous ones) to refund you credit if you ask, unless they have very good reason not to.
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When Is The Best Time To Switch Energy Supplier?
The best time to switch energy supplier will depend on your individual circumstances. If you haven’t switched for a few years, you should compare energy prices to make sure you’re on the best deal available to you.
For those on a fixed term contract, the best time to switch will be when your renewal window opens and you have no exit fees to pay. If you allow your contract to expire, you’re likely to be placed on your supplier’s standard variable tariff. This tends to be one of the most expensive tariffs your supplier offers.
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Will I Incur Exit Fees When Switching?
Most energy deals will include exit fees for ending your contract early before your renewal window. For business users, early cancellation fees can be significant.
However, you will not be charged an exit fee by your supplier if you switch during your renewal window. Your supplier should make you aware of when your renewal window and provide information on how your energy costs will change should you fail to switch.
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What Is The Energy Switch Guarantee?
The Energy Switch Guarantee is a voluntary set of promises that suppliers can sign up to make sure switching energy is as simple as possible.
When signing up to the guarantee, suppliers agree to a number of promises and targets including:
- Completing a switch to a new tariff within 5 working days
- Your switch to a new tariff or supplier will be handled entirely by your new supplier
- If any problems occur with your switch, your new provider is responsible for contacting you and rectifying the issue swiftly
- If you change your mind within 14 days, you will simply remain on your old tariff with your original supplier
- You’ll review your bill from your original supplier no more than 6 weeks after the switch has been completed
- Any credit due to you will be refunded by your original supplier within 14 days of your final bill
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Why Has My Energy Supplier Changed My Direct Debit?
Your monthly Direct Debit to your energy supplier is just a ‘estimate’ cost that’s suggested by your supplier to cover the monthly energy you’ve used - it’s never completely accurate.
At the end of winter, you might be in debit, which is the exact opposite of credit. Debit is incurred when your monthly Direct Debits aren’t enough to cover your usage. This is completely normal, and irons itself out when the warmer months come and you start using less energy.
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How Will The Energy Price Guarantee Affect My Energy Bills?
the government have announced an Energy Price Guarantee which will see energy bills frozen at £2,500 (based on typical UK usage) from 1st October 2022 until 2024.
However, the price cap has been reduced below the guarantee. This means that the price cap is now active over the guarantee.
The energy price cap is a limit on how much your supplier can charge you for the gas and electricity you use on a default energy contract.
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Can I Switch If I Have A Prepayment Meter?
You can switch if you have a prepayment meter. You will need to look for applicable tariffs when you compare with us.