As temperatures drop the battle between the UK’s energy providers heats up

27th October 2014

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The battle between the UK’s energy providers is heating up, with both small suppliers and the big six slashing costs and launching new tariffs, according to price comparison and switching service uSwitch.

Small player Extra Energy has launched the cheapest deal in the market at £976, while between the ‘big six’ Npower’s new £1,000 tariff is the best value, coming in at third place in the best buy tables while EDF offers the longest fixed deal on the market, which runs until May 2018.

As a result of the new offers, the ‘big six’ energy companies, which include British Gas, SSE, Scottish Power, E.on, EDF and Npower, now hold five out of 10 spots in the table.

Tom Lyon, energy expert at uSwitch.com, says: “With temperatures starting to fall, competition is really starting to heat up in the market. Extra Energy undercut First Utility’s latest tariff by just a pound after only a few hours after it was launched, bringing them back to pole position in the best buy tables.

“But the big six are now raising their game and responding with more competitive deals. npower’s new tariff at £1,000 is fixed to November next year and comes in third place, meaning that big six suppliers now offer five of the ten best deals. As winter approaches, there’s no sign of this price battle ending and consumers look set to be the winners.”

Best Buy plans paying by monthly Direct Debit (as of 28 October 2014)
Supplier Plan name Average bill size Tariff type
Extra Energy Fresh Fixed Price November 2015 v3 £976 Fixed
First Utility iSave Fixed November 2015 (v35) £977 Fixed
OVO Energy Better Energy (all Online) £998 Fixed
npower Online Price Fix November 2015 £1,000 Fixed
Green Star Energy Rate Saver 12M Fixed 1410 (paperless) £1,004 Fixed
Sainsbury’s Energy(powered by British Gas) Fixed Price October 2015 £1,009 Fixed
ScottishPower Online Fixed Price Energy December 2015 £1,012 Fixed
The Cooperative Energy Fair & Square December 2015 £1,021 Fixed
SSE SSE Direct £1,029 Fixed
EDF Energy Blue+Price Promise March 2016 £1,039 Fixed

Source: uSwitch.com. Based on a medium user customer using 3,200 kWh of electricity and 13,500 kWh of gas, on a dual fuel plan, paying by monthly Direct Debit, with bill sizes averaged across all regions.

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