UK's Cheapest Gas & Electricity Tariffs - Gas and electricity - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

UK's Cheapest Gas & Electricity Tariffs

UK's Cheapest Gas & Electricity Tariffs

Category: Gas and electricity

Updated: 12/11/2013
First Published: 12/11/2013

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 It is now over 6 months old so the content may be out of date.

The thought of switching your energy supplier can be a daunting task. Trying to run a household while getting competitive quotes and then sorting out potential suppliers can be near impossible.

However, switching energy suppliers is a simple process - all you need is your postcode and a few basic details.

Check out the chart below and you could save up to £320 a year.

Current Fixed Rate Energy Tariffs

Suppliers Average Cost Savings vs Typical Bill*

Saving if industry hikes by 8.1%

iSave Fixed v9 April 2015
iSave Fixed v12 June 2015
£1,178 £242 £371
  • Fixed Until: June 30th 2015
  • Cancellation Fee: £30 per fuel until end of fix

Fixed 1 Year v5
£1,178 £242 £371
  • Fixed Until: 12 months
  • Cancellation Fee: £5 cancellation fee applies if leaving before the end of the fix
Green Star Energy
No Worries 12 Months Fixed
Version 2310




  • Fixed Until: 12 months
  • Cancellation Fee:
    £31.50 for electricity if you switch away before end of fix

Online Price Fix October 2014
Online Price Fix April 2015




  • Fixed Until:
    April 30th 2015
  • Cancellation Fee: None

Blue +Price Promise March 2015
Blue +Price Promise April 2015




  • Fixed Until:April 30th 2015
  • Cancellation Fee: None
New Energy Fixed
New Energy Fixed




  • Fixed Until: 12 months
  • Cancellation Fee: £30 per fuel until end of fix

Online Fixed Price Energy November 2014
Online Fixed Price Energy February 2015




  • Fixed Until: February 28th 2015
  • Cancellation Fee:
    £25 per fuel until end of fix

This table includes the UK's cheapest fixed rate energy tariffs and also a selection of the cheapest long (2 years+) fixed rate tariffs

Prices correct as of:
* based on typical gas and electricity bill for someone who has never switched costing £1,420 (Source: OFGEM 2013) All calculations are for an average usage dual fuel household paying by monthly direct debit. Average usage as defined by OFGEM is 16,500 kWh pa of gas and 3,300 kWh pa of electricity

What Next?

Don't get catch up in the energy price rises - Fix your tariff today and you could save up to £320

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.

Related Articles

Common energy mistakes that cost you £££

The heating system is probably working overtime at present, but what if you could cut your bills without battling hypothermia? The key is being energy efficient, yet households could be wasting hundreds of pounds by making costly energy mistakes.

4.8m people switched energy supplier last year

We’re often told of the amount we could save by switching energy supplier, and happily, the message seems to be getting through, with the number of consumers switching providers having reached record levels last year.

EDF cuts gas prices, but hikes electricity

EDF Energy has announced that it’s cutting gas prices for customers on its standard variable rate tariffs, but unfortunately, electricity customers could lose out, as they’ll see a rate increase from March next year.