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Comparing Electricity Prices

Last updated: 13. 05. 2020

Comparing Electricity Prices
Use our quick and easy energy comparison tool to find the best electricity provider for you. 
 
Comparing prices couldn’t be simpler. All you need is your postcode, details on your current energy plan and your household. We will calculate an average and show you all the best deals available, so that you can easily choose the option most suitable for you.

I’m on a dual fuel deal at the moment. Does that make a difference?

Yes. If you are currently on a dual fuel deal (ie. you get both electricity and gas from the same supplier) then it may be more suitable to stay on a similar deal. Find out more about switching to other dual fuel deals.

Why should I switch?

Ofgem, the market regulator for gas and electricity suppliers in the UK, estimates that 62% of households have never switched their energy supplier, meaning millions of people are potentially missing out on huge savings. 

Should I be on a standard variable rate tariff or fixed rate tariff?

If you haven’t switched your energy supplier in a long time, the chances are you have been automatically switched onto a standard variable rate tariff. 
 
They are typically the most expensive arrangements because the cost per unit of electricity changes twice a year. The benefit of a standard variable rate tariff is that you can leave at any time without incurring any exit fees. 
 
To ensure you’re getting the best for your money, it may be better to be on a fixed rate tariff. This means that the price per unit of electricity does not change for the agreed period of time, and as a result is typically much cheaper overall. If you choose to switch providers mid-way through a fixed rate contract, then you will incur an exit fee. You can, however, switch any time within the final 7 weeks without any charge.

How can I switch?

Energy prices are rising all the time so it’s really important to regularly check that you’re getting the best deal for your household. We are constantly updating our website to make sure we have all the best and most recent information to help you save money.
 
Use our handy energy comparison tool to get an overview of the best deals available to you. All you need is your postcode, information about your current energy supplier, and details of your household (ie. how many people are living there).

Can I switch if I am on a prepayment meter?

Yes. You can always switch providers as long as you are the one paying the bills. However, if you are a tenant in a property with a prepayment meter, you should check with your landlord before making the switch.
 
Prepayment meters can be useful for their flexibility, but they often end up more expensive than a fixed rate tariff. Bare in mind that most providers will require a credit check to switch from a prepayment meter onto a fixed rate tariff, as you will likely pay monthly via direct debit. 
 
We understand however that some households do not meet the requirements and will therefore have to stay on a prepayment meter. In this event, you can still search different providers to make sure you’re getting the cheapest deal.

Should I only stick with the well-known energy providers?

When checking out the different providers, don’t feel bound to go with one of the “Big Six” companies: those are British Gas, npower, EDF, Scottish Power, SSE or E.ON. Because of their clout, they can afford to provide less competitive electricity prices, so it’s often cheaper to go elsewhere.
 
If you do decide to go with a lesser-known provider in order to save money, make sure to check customer reviews. It’s quite common for smaller companies to reel in customers with promises of cheap energy, only to find themselves unable to cope with the tidal wave of clients. This can often result in poor customer service.

What is an Economy 7 Meter (or White Meter)?

An Economy 7 Meter will give you access to variable electricity rates throughout the day and night. Much like train tickets, these are sorted into “peak” and “off-peak” times. The 7 refers to the number of hours in a day that are classed as “off-peak”. Energy used outside of those hours is usually charged at a much higher rate. In Scotland, these are known as White Meters.

What is an Economy 10 Meter?

Exactly like Economy 7 Meters, Economy 10 Meters divide the day into “peak” and “off-peak” hours. The 10 refers to the number of hours during which electricity is charged at a lower “off-peak” rate. Any energy used outside these hours is charged at a much higher rate. 

Will I temporarily lose electricity if I choose to switch suppliers?

No. The new cheaper electricity provider will still use the same wires and meters that are currently in your property, unless you are requesting that they install a smart meter. 
 
Switching supplier is only to ensure you have cheaper bills. It doesn’t affect the quality of electricity coming into your property.
 
The whole switch should take around 17 days, including a “cooling off” period during which you can cancel the switch.
Danny Lord

Author: Danny Lord

Danny is our Editor-in-Chief, and has been writing news and guides for comparison sites for the last five years.

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