February 2018 Collective Offers Are Here
We have delayed announcing the winners of our latest collective switch as the best offer only became available this week. (Its the cheapest 2 year fix for monthly direct debit duel fuel on the market … we’ll tell you about it below).
We have also unsuccessfully tried to negotiate something better.
We have exclusive offers from British Gas, EDF and iSupply.
Current state of the domestic market
Nearly all the best offers are from small suppliers who do not make their offers available with a comparison across the market. This is due to the cost approved comparison sites (like ours) charge for helping you to switch directly.
We share the commission we get with you (£10 per fuel switched), but even with this bonus we cannot offer you some of the cheapest deals.
The Big 6 energy suppliers are evil and small suppliers are lovely. Right?
Well unfortunately things are not that simple. In the last few years lots of new energy suppliers have come onto the market offering some of the best tariffs. However several of the small suppliers have recently gone bust, the latest being Future Energy (you are protected and Ofgem the energy regulator will ensure you are switched to an alternative), and there is also a problem of customer service. For example Iresa, who have consistently offered some of the cheapest deals for the last few year is currently under investigation by Ofgem for their customer service practices (See more on Ofgem investigation of Iresa)
Citizens advice provide a useful league table of energy supplier performance and they have recently written about their concerns over small energy suppliers
Also its not just the Big 6 who have overpriced standard variable tariffs. Good Energy, Economy Energy, Ecotricity, Toto Energy, Ebico, First Utility and Ovo (amongst others also have some really expensive tariffs specially for people who forget to switch. The Big 6 of British Gas, Scottish power, EDF, nPower and SSE also have some extremely expensive tariffs.
In short, most energy suppliers have expensive tariffs for people who forget to switch.
I don’t need to worry the Prices Cap is here (or coming soon). WRONG
The price cap for vulnerable customers does mean that they are saved from the worst excesses of rip-off prices. BUT the prices cap tariff is still often £150 – 200 MORE EXPENSIVE than the best tariffs.
February 2018 recommendations
Please read our switching guide AND make sure you have signed up with us before you switch using our calculator (its free). In general we recommend using Monthly Direct debit and choosing a fixed tariff.
For People who forget to switch every year – choose a 2 year fix
Remembering to switch can be difficult for some people … if this is you then please choose a longer term fixed contract then you will have reasonably cheap energy for a longer
Best 2 year Fix
EDF Simply Fixed Apr20. For an average* user this tariff averages out across the 14 supply regions at £923 per year.
You also get £10 per fuel switched as cashback after about 90 days as we share our commission with you. This money is NOT shown in the calculator.
High Energy User or Green energy fan (over £45 per month electricity only or over £90 month duel fuel)
If you have higher than average energy usage like over 3500 kWh per year electricity or 13500 kWh per year gas then Pure Planet has an attractive tariff. (average is defined by Ofgenm as 12000kWh gas and 3100 kWh electricity)
Gas is 2.363p per kWh
Electricity is 11.204p per kWh
These are attractive rates but you need to manage your consumption via a smartphone AND there is a £10 per month fee as a standing charge. It also DOES NOT OFFER WARM HOME DISCOUNT and IS NOT A FIXED tariff.
You cannot switch to Pure Planet via our calculator. But this link http://referme.to/sexKspe will give you £25 in amazon vouchers and also give £25 to one of our volunteers who switched to Pure Planet in October. She has not had a problem with them since her switch. You can read why she chose Pure Planet here
There is no exit fee to switch away from Pure Planet, so if they hike their prices it will probably be time to switch away.
Pure Planet have 100% renewable electricity and 100% offset gas … so its one of the greenest tariffs out. For high than average energy users its also one of the cheapest.
Get the Pure Planet offer with this link http://referme.to/sexKspe for £25 in amazon vouchers
Average* energy user
The following all qualify for £10 cash back and have support to manage your switch.
Just read our switching guide and enter your details into the calculator and choose the cheapest of these suppliers with a “I want this plan” link.
Given Citizen Advice comments and the recent problems with some of the cheapest suppliers going bust, means we can’t recommend any of the cheaper suppliers. We have been in touch with 3 of the cheapest suppliers about negotiating a deal for you, but their inability to manage a conversation with us makes us very nervous about recommending any of them.
If you want Boiler cover and a reasonably cheap deal
If you want a year of boiler and controls breakdown cover, then British Gas have an exclusive offer with us for a 1 year fixed deal.
For an average user across the 14 supply regions this averages at £910 per year
- Average user calculations are based on Monthly Direct Debit, Paperless billing for 12000kWh gas and 3100 kWh electricity per year and averaged across the 14 supply regions covering England, Scotland and Wales.