Research by auto-switch site Weflip revealed that the average top ten best buy energy tariff is now £911 a year for a typical home, compared to most standard variable tariffs (SVTs), which are £1,254. This is the new ceiling set by the government in April.

All of the big six energy companies raised their SVT rates when the price cap went up by 10 per cent from an average of £1,137 a year.

And while figures from trade association Energy UK showed an increase in switching in April, an estimated 11 million households are still paying the equivalent of the energy price cap, according to Weflip.

‘Perfect switching conditions’

Sally Jaques, head of energy at Weflip, said: “The savings gap has widened due to the big providers all moving their SVTs up to the value of the cap, while at the other end of the market we are seeing more competition with best buy rates going back under £900 again.

“As a result, we have the perfect conditions for switching, with no exit penalties for SVT customers and huge savings on offer.”

Here’s a list of the best buy tariffs that are currently available…

Source: Weflip: 03/06/19