Revealed: the best fixed price energy deals
Following npower’s launch of its ‘Fixed Family’ this week, ScottishPower has stepped into the fray with its new plan, Fixed Price Energy February 2016, offering consumers the longest fixed price protection in the current market.
The new ScottishPower plan costs £1,301 a year on average and offers price protection until the end of February 2016, according to uSwitch.com.
npower’s Price Fix December 2015, now the second longest in the market, costs £1,305 a year – £4 more, but with two months’ less price fix protection. Both tariffs come with early exit fees attached.
EDF Energy’s popular Blue + Price Promise February 2015 plan still remains one of the few to not have an early exit penalty attached.
The EDF Energy tariff costs £1,192 a year, which is £109 cheaper than the new ScottishPower tariff, but ScottishPower’s price protection lasts for a year longer.
Consumers can now choose from a selection of attractive fixed price tariffs, ranging in length from a year to almost three years. We reveal the best tariffs on the market:
|Type of plan||Plan Name||Price||Fixed or Variable|
|Cheapest variable plan and supplier’s best buy||SSE’s Discount Energy Bonus October 2014 (with paperless billing)||£1,146||Variable|
|Second cheapest variable and supplier’s best buy||ScottishPower’s Online Energy Saver 21||£1,164||Variable|
|Cheapest fixed price and supplier’s best buy||npower’s Online Price Fix June 2014||£1,184||Fixed until the end of June 2014|
|Second cheapest fixed price and supplier’s best buy||EDF Energy’s Blue + Price Promise February 2015||£1,192||Fixed until end of February 2015|
|Supplier’s best buy||E.ON Energy Discount (with online reward)||£1,209||Variable|
|Supplier’s best buy||British Gas’ Online Variable May 2014||£1,219||Variable|
|Second longest fixed price||npower’s Price Fix December 2015||£1,305||Fixed until end of December 2015|
|Longest fixed price||ScottishPower’s Fixed Price Energy February 2016||£1,301||Fixed until end of February 2016|
Source: uSwitch.com Bill sizes are based on the average medium user across the big six.