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Cheapest Energy Supplier

Winter is an unavoidable season and so are the arrival of the yearly energy bills. With the expiration of fixed rate tariffs, and for some customers, the automatic switch to the provider’s pricer standard tariff, opening bills may trigger some to begin knitting thick sweaters for the family and start scavenging for fire logs. The average household will spend £1300 a year on gas and electricity, however, switching over to the right energy supplier could save you lots of money. Here is a list of 3 potential energy suppliers that could save you. *All prices are based on a 3 bedroom terraced house.

Octopus Energy
Fighting off stiff competition from the Top 3, Octopus Energy won Which?’s Satisfaction Survey of 2019 by dominating the table with their five star customer service, accuracy and clarity of bills and energy prices. Octopus Energy’s cheap tariffs offer a three bedroom semi terraced house the chance to save up to £200 with their eco-friendly Green Electricity/onlu from renewable sources like wind, wanter and sun/ and Energy.

Switching over to Ebico not only saves you money, but it gives you the opportunity to stand against fuel poverty. Ibex mission to eradicate fuel poverty in the UK means that all their tariff is as clear as pay-as-you-go. Customers who choose Ebico only pay for what they use, when they use it. Continuing from their simplistic payment, Ebico offers a no exit fee payment or fixed contract. Those who decide to move over to this charity and customer focused energy supplier should expect an annual small usage duel fuel bill to only come up with £800.60. Medium usage will see customers paying £1234. 16.

Ovo Energy
Having won Which?’s Best Energy Provider Award for 2015 and 2016, Ovo Energy has much to boast about. One of the UK’s independent energy provider, Ovo Energy, offers their customers the chance to control every aspect of their energy bill from choosing standard or renewable energy to PAYG or tariffs. It is their new and innovative monitoring service, however, that ultimately takes centre stage. Unlike other energy services, Ovo Energy has fully captured the digital world and encompassed it in their service by providing apps, online, text, and shop services to help monitor energy usage, balance updates and instant top ups. But since they raised their prices they have been replaced by the previous ones.

Fixed or Variable Energy Tariffs
The fixed tariffs mean your energy rates will stay all the same and the bill will depend on the amount of energy units you have used for the period /usually a year, 18 months or 2 years/. The variable tariffs means that the rates can be changed by the provider as your contract is open ended. Both of them have pros and cons, but fixed price rates are preferred from those who want a peace of mind.

Our Tips
When researching for the cheapest energy supplier keep a copy of your latest energy bill as a guide. Nearly all energy supplier’s websites provide customers the chance to input their details and instantly populate a precise annual bill. Whilst exploring your options remembers that some energy suppliers provide more than just energy. Utility Warehouse Energy, for example, offers package deals for energy, phone and broadband and Ovo Energy are given a 3 % interest reward on their balance every month.

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