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Energy customers ditch big six for ‘cheaper’ smaller providers

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10/11/2015
More and more consumers are ditching the ‘big six’ in favour of tariffs from smaller energy suppliers, Gocompare.com figures reveal.

Over the last year, six out of every ten energy switchers shunned the UK’s ‘big six’ – British Gas, E.on, EDF Energy, Npower, SSE and ScottishPower – in favour of smaller providers including First Utility, Extra Energy, OVO Energy and Co-operative Energy.

The table below illustrates the ten cheapest tariffs on the market.

YM.EnergyTariffsTable

Information correct as of 09.11.2015.

Tom Lewis, spokesperson for Gocompare.com Energy, said: “Smaller energy companies have been dominating the ‘best-buy’ tables for quite some time now, so it’s hardly surprising savvy energy customers have been switching to them in order to save money on their gas and electricity bills.

“Currently, GB Energy Supply, Extra Energy, First Utility, Flow Energy, GnERGY, Robin Hood Energy, OVO Energy and Green Star Energy are all offering dual fuel tariffs costing under £860 a year, on average. In fact, all of the top ten cheapest dual fuel energy tariffs available right now are from smaller suppliers.

“Many of these suppliers have good reputations for customer service and some have even scrapped early exit fees on their fixed term tariffs, so often there can be nothing to lose by switching to one of these challenger energy companies.

Lewis continued: “When comparing energy tariffs it’s important to look beyond the brand – you won’t notice a difference in the gas and electricity no matter who supplies it – and focus instead on how much the tariffs will cost you based on your specific usage habits.

“As well as the cost of the energy itself, check you’re comfortable with any early exit fees if you’re considering a fixed tariff. It’s also worth making sure the supplier you’re thinking of switching to will allow you to manage your account the way you’d like, be that online, via telephone or through an app, for example.”

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