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Follow these steps to compare electricity and gas tariffs:
Select an energy tariff that best suits your requirements and budget
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You can get an energy quote within 1 minute and see how much you can save.
We make it easy for you to understand your energy quote to make sure you are getting the best energy deal.
For your peace of mind, no one compares more energy suppliers than us which means you can get better energy tariff with us.
Once you are happy with a quote, simply fill in final required details and we will do the rest for you.
Renew your energy comparison 49 days prior to your contract's end. We remind you, allowing you to choose your ideal gas and electricity supplier.
The recent surge in energy prices has left many consumers wondering why their bills have skyrocketed. Several factors contribute to the high energy prices in the UK:
While these factors contribute to the high energy prices, consumers can regain control by comparing energy prices and switching to more affordable providers.
To protect consumers from excessive price rises, the Energy Price Guarantee sets a cap on the amount suppliers can charge for gas and electricity. he guarantee is reviewed regularly and provides a safeguard against sudden price hikes. Here's how it works:
While the Energy Price Guarantee offers some stability, consumers can still find better deals by comparing energy prices and switching to more cost-effective providers.
The UK energy market is dynamic and subject to various factors that influence price changes. Cornwall Insight, an energy analyst, predicts that the next energy price cap, set to be announced in October 2023, will be lower than the current level. This indicates a potential reduction in energy prices for consumers. Here are the predicted energy price caps for the upcoming months:
From July 1 to September 30, 2023, the energy cost is £1,976, while from October 1 to December 31, 2023, it is £1,834. The estimated energy price cap for January 1 to March 31, 2024 is projected to be £1,931. Similarly, for April 1 to June 30, 2024, the projected energy price cap stands at £1,853. It is predicted that from July 1 to September 30, 2024, the energy price cap will be approximately £1,824. Finally, from October 1 to December 31, 2024, the anticipated energy price cap is around £1,863.
Please note that these figures are based on average household energy consumption and are subject to change. The key takeaway is that consumers can anticipate a potential decrease in energy prices, especially with the adjustment of TDCVs (Typical Domestic Consumption Values) to reflect reduced energy usage.
Comparing energy prices is essential for finding the best deals and saving money on your gas and electricity bills. By following these steps, you can navigate the energy market and make informed decisions:
Begin your energy comparison journey by using a reliable platform like Free Price Compare. Their user-friendly interface allows you to enter your postcode, current supplier, and energy usage details to generate a list of available deals in your area.
When comparing energy prices, you'll come across fixed and variable tariffs. Fixed tariffs offer a set price for a specific duration, providing stability and protection against price hikes. Picking a fixed-price tariff means the rate you pay for your gas and electricity remain the same until the end of the fixed period. Variable tariffs can fluctuate with market conditions but may offer more flexibility. Consider your preferences and energy usage to determine which tariff suits you best.
Look beyond the price when comparing energy deals. Consider contract terms, such as contract length and exit fees, to ensure they align with your needs. Additionally, explore any additional benefits offered by suppliers, such as renewable energy options or customer rewards programs.
Customer reviews and ratings can provide valuable insights into the quality of service offered by energy suppliers. Consider the experiences of other customers to gauge the reliability and customer satisfaction levels of different providers.
Once you've found a suitable energy deal, Free Price Compare can assist you in switching seamlessly. They handle the entire process, including contacting your current and new suppliers, ensuring a hassle-free transition.
When switching, you can simply check if dual fuel tariff will be cheaper compared to single fuel by using the available filters on our table.
There are 2 different types of energy tariffs to consider when looking to switch your energy supply.
If you agree to a fixed rate contract with a supplier, your gas and electricity prices will remain fixed for the duration of your contract. You can fix your energy from a 1 to 5-year contract with a supplier of your choice. Fixed term contract offerings will vary per supplier, it is more common to see contract lengths between 12 and 24 months.
It is important to remember that your unit rate and standing charges are fixed but your monthly bill can vary depending on your energy consumption. If you use more electricity and gas then you are likely to get higher bills.
A fixed term contract is ideal for those who want to keep track of their energy usage and spending habits. While you are in a contract, you are protected from any energy price rises which means wholesale energy price rises will not affect you during your contract.
Most energy suppliers will offer a fixed-term contract but these usually come with an exit fee. If you terminate your contract before your renewal window then your supplier will charge you a set fee which is usually agreed upon while taking out a contract. Exit fees can vary per supplier and the provider can charge up to £35 per fuel. Once your fixed-term contract has ended, your supplier will roll you over to a standard variable rate which means traditionally, you are paying a higher rate for both the daily charge and the unit rate compared to your contracted rate. By law, you can also switch your energy supplier 49 days prior to your current contract end date without being charged any exit fees, this is also known as the “renewal window”. But some energy providers will offer to pay your exit fees if you join them - it's worth checking.
Variable rate tariffs are usually a cheaper option to start with but it can be very expensive if the wholesale market prices go up. Your unit rate and standing charges are not fixed and therefore can vary depending on the wholesale energy market, meaning your price could go up or down.
If you have moved into a new property and have not agreed to an energy contract then you are going to be on a standard variable tariff with the previous occupier’s provider. Also, if your current energy contract has ended and you have failed to switch to a new contract with the same or a new supplier then you are going to be moved to a standard variable tariff.
The main advantage of having a standard variable tariff is that you are free to switch away from your supplier at any time without being charged an exit fee.
If you are on a standard variable rate contract, you are more likely to save hundreds of pounds by switching to a fixed term contract if you are going to be in your property for a year or more.
A green energy tariff means your electricity is generated from 100% renewable sources or from a mixture of renewable and non-renewable sources.
When you agree a green energy tariff, you are still going to get your electricity supply from the National Grid and it will be delivered to your meter the same way as normal electricity.
25% of the UK’s electricity is generated by renewable sources, such as solar, wind and the sea, the other 75% is still generated by nuclear power plants and fossil fuels.
Switching energy providers can save you money on your bills. One type of energy plan is a prepayment tariff where you pay before using gas and electricity, like adding credit to a mobile phone. To add credit, you can use a key, card, or smart meter and top up at a shop with PayPoint or Payzone. You may also top up online or via an app if you have a smart meter. Paying by direct debit usually saves money.
By using energy, you pay for your gas and electricity as you use it. When credit runs low, top-up is needed to keep the supply on. If you have a smart meter, check your usage and credit in real-time. For traditional meters, check the meter to see credit level. Emergency credit is offered by most suppliers if you run out of credit, helping to avoid losing power. Prepayment tariffs can be more expensive per energy unit than other tariffs. If you don't top up the meter, charges or disconnection might occur. This tariff helps manage budgets and past-due energy bills.
If you're on a prepayment meter, don't worry. You can still switch suppliers and save money. Check different tariffs to find the one that suits you best.
Are you aware of Economy 7 tariffs? These are designed to save money by providing cheaper electricity rates during specific off-peak hours. The seven-hour period at night has a lower rate for electricity use. This period is typically set between 10 pm and 8:30 am, but it can vary depending on your location and energy supplier. Electricity used outside of these hours is charged at a higher rate compared to the off-peak period.
If you want to use an Economy 7 tariff, you need a special electricity meter. This meter, known as an MPAN number, can track your electricity usage during peak and off-peak hours. It's helpful during the switching process as it allows your supplier and address to be correctly identified. This tariff is good for people who use more electricity at night. If you have storage heaters or an electric car that you charge overnight, this tariff will be helpful for you. Also, if you use appliances like washing machines and dishwashers during off-peak hours, this tariff will save you money. To save money on this tariff, use more electricity during the cheaper night-time hours.
Compare Energy Prices to Save Money: Economy 7 has cheaper night rates but higher day rates. To decide if it's worth switching, compare the savings to daytime costs. Be mindful of peak energy usage to avoid high bills.
Are you tired of paying high energy bills in the UK? Don't worry, reducing them is easy. You just need to change how you use energy and ensure you're on the right tariff. To help you save money, here are some practical steps you can follow.
For a reliable and accurate quote, and to confirm the information we will show you, you should know:
Switching your gas and electricity supply is really easy. All you need to do is answer a few questions regarding your current energy supply then choose a tariff and supplier you would like to switch to.
Once the switch application has been completed the rest of the paperwork is carried out by your new supplier.
It is ideal to pay any outstanding debts before the switch date. Otherwise, your current supplier can stop your switch. If your debt is less than £200 then your energy switch should progress as usual and the money you owe to the previous supplier will be taken on the final bill unless you have agreed to a payment plan with them.
If you are happy with your supplier and prices then it is possible that you can take your current energy deal with you – Just contact your supplier and let them know your new address.
When you are moving home you should take the following actions:
Yes, you can switch if you are directly paying your energy bills to a supplier. If you are paying your landlord for your energy bills then they will need to do the switch.
It depends on the supplier you are switching your energy to, but government incentives suggest that all suppliers must aim to install smart meters by 2025 in England, Wales and Scotland.
You can get a smart meter if your supplier offers a smart meter installation or you can wait until they contact you regarding smart meter installation.
Yes, you can switch FITs (feed-in-tariffs), we recommend that you check with the supplier if they are happy to pay for your feed in tariff.
- FIT’s – means you’ll get paid for generating energy for you and selling excess energy to the national grid.
Energy prices can change depending on supply and demand in the wholesale energy market. If you are on a variable tariff, your bills will go up and down with the fluctuations in the energy market. If you don't want your energy prices to be affected by these changes, then your ideal tariff would be a fixed-rate energy tariff. It is important to keep up to date with energy market news to help you make informed decisions about whether to switch or stick with your current tariff.
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