You are here: Home - Household Bills - News -

Switch energy supplier to pay 2008 prices

Written by: Paloma Kubiak
Energy customers on major providers’ default rates could save around £300 by switching to the current best deal.

A raft of energy price hikes come into effect next month but customers on expensive standard variable tariffs could save around 25% by switching to one of the cheapest available dual fuel deals.

Research from campaign site Which? found that customers with the ‘Big Six’ energy suppliers – British Gas, EDF, E.ON, Npower, Scottish Power and SSE – will pay an average of £1,131 per year following the price rises, but they could save around £300 a year switching to the cheapest deal on the market.

By switching, customers could get their bills back to the equivalent of 2008 prices as gas costs have increased 25% while electricity has risen by 23% in that time period.

The cheapest energy tariffs

Here are the 10 cheapest dual fuel tariffs currently on the market:


Alex Neill, Which? managing director of home products and services, said: “Far too many people are still stuck on some of the most expensive deals. With five of the big six set to increase their prices, consumers could save £300 a year by switching to a cheaper deal now.

“With speculation rife that the government may introduce a price cap, it is vital the regulator ensures that any price control makes a real difference for people struggling with their bills.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
pound signs
Earn £1,000 cashback by switching fund platform

Savers who move their money onto the Fidelity platform could receive up to £1,000 cashback.