Discover the Best Times of Year to Compare Electricity Deals

Why Timing Matters When Comparing Energy Prices

In the UK, energy prices can go up or down at different times of the year. This is because the energy market keeps changing. It can also be because of supply and demand, the weather, and new rules from the government. If you choose the right time to switch your energy provider, considering your energy usage, you can save money. You could get a better deal, stop yourself from paying high energy costs, and lock in a good rate before energy prices change.

Seasonal Trends in Energy Prices

By looking at the price cap in April, July, or October, you can find out when the energy price cap will change. This helps you make a move before the price cap goes up and changes your bill.

Key Triggers for Reviewing Your Tariff

When Your Current Deal Ends

If you are on a fixed tariff, you need to know when your contract will end. It is a good move to switch at least 30 days before this date. This way, you can avoid exit fees and not end up on a standard variable tariff.

After a Price Cap Announcement

The energy price cap goes up or down every three months. When you find out what the new price cap is, it is a good moment to look at your choices. You can compare all that is out there and think if you want to change your energy supplier. This may help you avoid higher bills. If you use this time well, you may get a good deal and save some money on your next energy plan.

If You Move House

A new home gives you a fresh start. It is also a good time to check if your current supplier has the best price for you. You can use your new postcode and your planned kWh use to compare rates.

Significant Life Changes

• If you want to get a smart meter or start driving an electric vehicle, you may have to change the way you pay for your energy.
• If you want to be a landlord and handle more than one building, you may need to see your tariff in a different way.
• When you go from a prepayment meter to paying for your power with a credit account, you may need to look at other tariff options.

All of these things may lead to a change in your tariff for power.

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Fixed vs Variable: Choosing the Right Time-Based Deal

If you are not sure, you can look at energy prices when the market is calm. Times like the summer are good for this. It can help you feel less unsure.

How to Compare Energy Prices Effectively

1. Go to a trusted energy comparison site. You can use Free Price Compare for this.
2. Have your meter readings or smart meter data ready with you.
3. Know who your energy supplier is, what your tariff is called, and what payment method you use.
4. Type in your postcode and tell them about your home.
5. Filter what you want by:
   • Dual fuel or electricity/gas only,
   • Tariff type, like fixed, variable, or prepayment tariffs,
   • Features such as renewable sources or cashback.
6. Look at all the deals, side by side, to see which one is good for you.

Make sure to check if the electricity deals work with smart meters. You should also see if they have EV tariffs. Some electricity deals are good for people who use a lot of energy, while others are better if you do not use much. Think about how much you use and choose the one that fits you best.

Look for energy price comparison tools that use your real use. These tools can help you see your potential savings. They also help you find a new supplier that fits your habits better.

What About Exit Fees?

Many suppliers want you to pay exit fees if you leave before your contract ends. But if you are in the last 49 days of your contract, Ofgem says you can switch and not have to pay a penalty. It is a good idea to check the rules and terms first before you make the switch.

Correct as of 09 June 2025

FAQs About the Best Time to Compare Energy Prices