What is a Dual Fuel Energy Tariff and How Does it Work?

A dual fuel tariff is a plan that combines gas and electricity supply from one energy supplier. This means you get one bill for both gas and electricity. It makes your payments easier. You also have one point of contact for customer service, which helps manage your energy account better. About 70% of homes in the UK use dual fuel energy tariffs. These plans can offer better savings and convenience than separate gas and electricity tariffs.

Dual fuel tariffs can give you a good idea of what you will pay. This is especially true if you pick a fixed deal. A fixed dual fuel tariff keeps your rates the same for 12 to 24 months. This helps guard you against price hikes in the energy market. If you want a dual fuel energy deal, be sure to compare rates often. This way, you can find the cheapest option available.

Top 20 Cheapest Dual Fuel Tariffs Available Now

Finding the cheapest dual fuel tariffs can help you save money on your energy bill. Here’s a look at the top 20 dual fuel energy tariffs you can find right now:

You can save about £290 each year by choosing a cheaper dual fuel supplier. It's simple to compare energy tariffs with our energy price comparison tool. You can change suppliers in only 21 days.

Should You Switch to a Fixed or Variable Dual Fuel Tariff?

Choosing a fixed or variable dual fuel tariff depends on what your household needs. It also relies on the current energy market conditions. A fixed dual fuel tariff gives you price certainty. It locks in your rates for a set time, which is usually 12 to 24 months. This can be helpful if you want to avoid higher prices in the future. A variable tariff, however, changes with the market. This means you might save money if wholesale prices go down. But you could end up paying more if prices go up.

More than half of the UK dual fuel customers use a standard variable tariff. This option is often not the cheapest. If you switch to a fixed deal, you can get better rates. You can also avoid the changing energy prices.

How to Save Money on Dual Fuel Energy Tariffs

To save money on your dual fuel energy bill, you should compare energy tariffs often. Many homes stick with their current supplier. They miss out on better deals that are available. You can compare dual fuel tariffs easily. Use our online energy comparison tool to find the best energy deal for your home.

Some extra tips for saving on your dual fuel bills are:

• Get a smart meter: A smart meter lets you read your energy usage. This means you pay for what you really use, not just guesses.
• Pay using direct debit: A lot of suppliers give discounts if you pay by direct debit.
• Find green energy tariffs: These options provide energy from renewable sources like wind and solar. They can also have good rates.

By using these tips, you can cut down on your energy usage and save money on your bills.

When is the Best Time to Switch Dual Fuel Suppliers?

The best time to change dual fuel suppliers is when your fixed deal is about to end or if you are on a standard variable tariff. You can use the Energy Switch Guarantee. This makes the switch take only 21 days, and you won’t lose your energy supply during this time. It's smart to compare energy deals in the summer. This is when energy usage is lower. You can find cheaper rates before prices go up in winter.

Switching suppliers can help you save a lot on your energy bills. It is easier now thanks to our energy comparison tool.

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How Much Can You Save by Switching to a Dual Fuel Tariff?

Switching to a dual fuel tariff can help you save money on your energy bills. In 2022, the average home saved about £290 by choosing a better dual fuel energy deal. Around 19% of homes changed energy suppliers last year. People who compare energy prices often find lower rates.

The average cost of electricity is now 34p per kWh. Gas is cheaper at 7p per kWh. If you find a dual fuel tariff that combines these rates, you can save money on your energy supply. Also, with dual fuel customers, there is usually one point of contact for both gas and electricity. This makes it easier to manage accounts and get good customer service.

What is the Impact of the Energy Price Cap on Dual Fuel Tariffs?

The energy price cap is set by Ofgem. It controls the most energy suppliers can charge households on standard variable tariffs. As of October 2023, the cap is £1,834 per year for dual fuel customers. This cap helps keep people safe from quick rises in energy prices. Still, the price cap is not always the cheapest option. Many dual fuel customers with standard variable tariffs can save money by choosing a fixed deal instead.

The price cap impacts about 53% of dual fuel customers who use standard tariffs. This means that more than half of all households can save money by checking different options. It is essential to look at your energy deal often. You should think about switching to a less expensive fixed tariff to keep away from changing prices.

Why Dual Fuel Energy Tariffs Are Popular with UK Households

About 70% of UK homes pick dual fuel tariffs. This means they get their gas and electricity in one bill. Many people like dual fuel tariffs because they are easy to manage. It is simpler to deal with just one energy supplier. Also, customers often pay lower fees. A lot of energy suppliers offer good prices for dual fuel users. That is why it can be one of the cheapest choices for those using both gas and electricity.

The average daily charge for electricity is 53p. For gas, it is 30p per day. If you choose a dual fuel tariff, you might lower these costs. This is especially true if your energy supplier gives discounts when you combine both electricity and gas into one plan.

How to find the cheapest gas and electricity tariff in your area?

The big six usually do not offer the lowest gas and electricity tariffs in the UK. The gas and electricity that come to your home is the same, no matter whose name is on the bill. When you finish your application, we will show you the cheapest gas and electricity tariffs from over 20 suppliers, including the big six. This way, you can make a good choice.

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FAQs About Dual Fuel Tariffs