The gloves come off in battle for energy customers - Gas and electricity - News - Moneyfacts

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The gloves come off in battle for energy customers

The gloves come off in battle for energy customers

Category: Gas and electricity

Updated: 01/09/2011
First Published: 01/09/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Energy companies are duking it out to pick up the customers who are looking for a new deal after rises in gas and electricity bills.

Customers have been stung as five of the big six energy companies in the UK have announced prices rises on their residential deals, citing large scale increases in wholesale costs.

Just EDF Energy has yet to outline increases in prices, although it is expected that one will eventually be announced.

The latest price rise came from is npower and is due to take effect from 1 October, while the earliest came from ScottishPower on 1 August, followed by British Gas on 18 August.

The rises have attracted much criticism, but with wholesales prices having stabilised, it is hoped another round of increases is some way off.

And with some gas and electricity customers assessing their options, there are deals coming back onto the market that could save users hundreds of pounds a year.

EDF has re-launched 'Fixed S@ver v2', its cheapest fixed deal at just £1,009 per year (based on a yearly bill for a typical dual fuel bill), after ScottishPower stole top slot with its new 'Online Fixed Saver Dec 2012'.

In response, ScottishPower is offering £30 cashback on all tariffs for a limited time only. After cashback, this brings the costs of the 'Online Fixed Saver Dec 2012' to £990 a year.

Before you leave you energy supplier, you should check that you are on the correct tariff as different plans could differ by hundreds of pounds in cost.

To run down all options available across the gas and electricity market, check out Moneyfacts.co.uk's energy partner, energyhelpline.com

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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