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Compare home energy tariffs, get the best deals for electricity and gas.

The cost of home energy (electricity & gas) has risen due to increases in the wholesale energy market. This comes at a time when the cost of living has been rising due to the ongoing COVID pandemic and rising inflation. Most UK households are already paying more for gas and electricity, but more increases are likely, especially as fixed rate contracts come up for renewal.

Households on flexible tariffs, or ‘standard variable, default tariffs’ have already seen some of the highest electricity & gas price rises. Households on fixed rate tariffs should have prices ‘locked in’ during a fixed contract period, however inevitably prices will increase once it’s time to negotiate a new contract. Most renewable & green tariffs have also been rising but generally not as fast as standard variable tariffs.

Our gas & electricity comparison is in development and will launch soon, in the meantime Love Energy Savings provides a great comparison service, with the latest tariffs for home electricity and gas from many of the UK’s leading energy suppliers including British Gas, EDF, EON, nPower, OVO, Octopus Energy, SSE, Scottish Power & Shell:

Search for the best electricity and gas offers today and switch energy suppliers before the energy price cap rise in April 2022 >>

Best electricity and gas deals

How much did energy prices increase in 2021?

Wholesale energy prices rose throughout 2021, this resulted in large increases in domestic energy prices.
ONS data shows domestic gas prices in the UK increased by more than 28% since the start of 2021.
ONS data shows electricity prices in the UK increased by almost 19% in the same period.

If your fixed price contract for gas or electricity is coming to an end and you are looking for quotes it is likely prices will be significantly higher than what you were paying before. Some industry guidance is suggesting it might be wise to sit out rises in the short term on a variable rate, or to fix prices for a shorter period in the hope some stability will return towards the end of 2022 and that prices will begin to stabilise and eventually decrease.

How will the UK energy price cap rise affect me?

The UK domestic energy market has supported consumers for a number of years with the government implemented ‘Energy Price Cap’. Since 1 October 2021, the price cap has been set at £1,277 however in April 2022 the price cap is set to rise to account for increases in the cost of energy.

It is believed the price cap could rise by up to 50% to over £2,400 for the average household, that’s almost double the existing cap. If the rises are as much or more than these estimates many households could see energy prices double overnight at the beginning of April. If you are on a standard variable tariff it could be worth exploring fixed rates now, to try and lock-in better prices. Whilst fixed prices will be higher than your current standard rates, getting in early before April and fixing prices could help you save in the long run, especially if prices go on rising.

It is hoped the UK government and regulator Ofgem will step in to try and help consumers, by implementing various short-term initiatives to reduce the burden of energy price increases.

Compare electricity and gas offers today and switch energy suppliers before the energy price cap rise in April 2022 >>

Simple steps to reduce your electricity & gas bills

There are many simple things you can do today to help reduce your energy consumption and keep your energy bills as low as possible we have compiled our: Top tips for saving energy here >>

Home Energy Electricity & Gas FAQs

Being prepared to switch energy suppliers could save you money. Frugal consumers regularly check the latest prices on home energy. Electricity and gas prices go up and down all the time and switching to a cheaper electricity supplier ensures you and not paying over the odds.

However it isn't just about the price you are paying, you might want to switch for other reasons:

- You might be fed up with bad customer service at your existing provider.
- You want greater flexibility & better payment options.
- You might want to change to a 100% renewable supply/tariff (where energy is supplied from renewable generation like wind farm, solar and hydro-electric).

Or you might just feel like a change.

Dual fuel tariffs are when both gas and electrify is supplied via the same supplier. If you use gas and electricity in your home you might benefit from better pricing when you use the same supplier for both utilities. It means both gas & electricity can be combined in a single monthly bill and you only need to deal with a single company for customer service issues.

There are different tariffs depending on amount or time of usage, how your energy is generated (renewable or non-renewable) and duel fuel tariffs.

  • Variable Rate Tariff - Your gas and electricity prices will go up and down in accordance with the market price (units cost will be based on the wholesale energy market and how your provider sets their reseal price).
  • Fixed Rate Tariff - You have fixed energy prices for a set period, this will lock in a unit pricing,  you know what you will be paying, your prices will remain the same during the contract period.
  • Dual Fuel Tariff  - When you want to buy both electricity and gas from a single supplier, these can be set up with variable or fixed rate tariffs.
  • 100% Renewable / Green - When you select to use energy from 100% renewable or green generation sources (wind farms, solar, hydro-electric)
  • Economy 7 Tariff - Tariffs based on a split meter reading (day & overnight) economy 7 provides a cheaper unit rate for 7 hours overnight. Usually in houses that use night storage heaters where off-peak usage is higher than normal.
  • Economy 10 Tariff - Similar to Economy 7 with day and night rates. 10 hours charged at an off-peak rate. Electricity used outside of off-peak hours is often charged at a significantly higher rate.
  • Prepayment Meters - Pay as you go meters often installed in flats and sheltered housing. They can be topped up and do not require contracted/regular billing, top up cards can be purchased locally, you basically pay in advance and top up as needed. Historically charges were much higher for prepayment meters however the regulator has been enforcing a price cap to ensure prepayment customers are not taken advantage of.

It generally depends on your circumstances and your usage and whether you are happy to have a variable rate that can go up or down depending on wholesale price changes, or if you would prefer to fix your rates for the contract term. Other factors include:

You have a smart meter - Some providers will have specific rates for smart meter users.
You want dual fuel - You want to use the same supplier for both gas and electricity and have single billing.

The UK operates with an energy switch guarantee and all suppliers have to honour continuation of service.

When you switch your old and new suppliers should work with each other to ensure your switch is straight forward and seamless. There should be no interruption to supply.

NO - When you switch energy suppliers there should be no charge for doing so once your contract period ends. But you will have to settle any outstanding bills for energy use up until the day you change over.

It is always wise to make sure you take meter readings on the changeover day to ensure your end bill/s are accurate, plus you can use these readings to check your new supplier is also using accurate readings.

In the first instance it is always important that you try to sort out any issues directly with your energy supplier. They have a duty to provide you with delivery of electricity or gas and a competent service.

If you are unable to sort issues or complaints out with your energy supplier you can escalate your complaint to the Energy Ombudsman. The Energy Ombudsman complaint guidance provides details of the process, the Ombudsman will determine action required by the supplier and if needed the Ombudsman will decide whether your complaint should be referred to the energy regulator 'Ofgem'.

Who are Ofgem?

Ofgem regulates the UK wholesale and consumer energy market for electricity and gas - Ofgem is a non-ministerial government department and an independent National Regulatory Authority. Ofgem is there to protect consumers, promote value for money and ensure there is fair competition in the market. Ofgem does everything from setting industry guidance on what information should be included on customer bills, to ensuring payment terms and supplier T&Cs conditions are fair and transparent.

Ofgem is also granted with the authority to set the energy price cap, and to determine whether to raise or lower the energy price cap - for more information see the Ofgem website.

 

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