10th April 2014
OVO Energy has taken the top spot once again with its Cheaper Energy Fixed tariff with small providers dominating Gocompare’s best buy table.
Gocompare should bear in mind that finding the best tariff isn’t simply a case of going for those offered by table-topping suppliers saying customers should take a time to compare tariffs carefully to find those that match up with their specific details.
Top 15 current cheapest tariffs*
|OVO Energy||Cheaper Energy Fixed||£998|
|First Utility||iSave Fixed v18 May 2015||£1,013|
|Extra Energy||Fixed Price September 2015 v2||£1,014|
|OVO Energy||Greener Energy Fixed (online)||£1,054|
|OVO Energy||Better Energy Fixed||£1,058|
|EDF Energy||Blue+ Price Promise July 2015||£1,070|
|Scottish Power||Online Fixed Price Energy July 2015||£1,076|
|Green Star Energy||No Worries 12 Months Fixed v1403 Paperless||£1,076|
|British Gas||Fixed Price May 2015||£1,076|
|OVO Energy||Cheaper Energy (Fixed to June 2016)||£1,091|
|First Utility||Power Play Fixed May 2016||£1,095|
|OVO Energy||Greener Energy Fixed||£1,114|
|SSE||1 Year Fixed Price||£1,115|
|M&S Energy||Fixed Price May 2015||£1,130|
|Cooperative Energy||Fixed to May 2015||£1,133|
*Dual fuel, payment by monthly direct debit, averaged across all UK regions and based on an annual energy usage of 13,500kWh gas and 3,200kWh electricity (medium user).
Jeremy Cryer, energy spokesperson at Gocompare.com says: “Consumers are becoming increasingly aware that small suppliers work to the same rules as the big providers, and are often competitive on price and customer service. It’s also worth noting that below a threshold of 250,000 customers, suppliers are not obligated to meet certain licence conditions such as the paying of green levies and this can help them to offer more competitive tariffs.
“However, whilst some smaller providers are competitive across the board, offering good deals for many customers, others will target specific customer types. There’s no single tariff from any supplier, large or small, that is best for everyone, so it’s important that people compare tariffs from as many providers as possible to find the one that is best for them.
“In terms of service, smaller providers often fare better than their big six counterparts in customer satisfaction surveys, but of course everyone’s experiences are different. There’s no need to fear moving to a smaller provider and there’s no risk of your energy being cut off simply by switching. Your gas and electricity will continue to flow through the same pipes and wires, so if you can save money by taking your business elsewhere, you should.”