9th November 2015
In the past six months alone more than 60% of energy switchers have chosen a smaller supplier over the ‘big six’.
New figures from Gocompare.com revealed that more and more consumers are ditching the bigger players in favour of tariffs from the UK’s smaller energy suppliers.
Over the last year, six out of every 10 energy switchers shunned the ‘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.
Tom Lewis, spokesperson for Gocompare.com said: “Smaller energy companies have been dominating the ‘best-buy’ tables for quite some time now, so it’s hardly surprising that 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 10 cheapest dual fuel energy tariffs available right now are from smaller suppliers.”
Lewis highlighted that 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.
He added: “When comparing energy tariffs it’s important to look beyond the brand – you won’t notice a difference in the gas and electricity that comes through your wires and pipes 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 that you’re comfortable with any early exit fees if you’re considering a fixed tariff. It’s also worth making sure that 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.”
Top 10 cheapest tariffs*
|Supplier||Tariff||Tariff type||Annual cost||Early exit fees|
|GB Energy Supply||Premium Energy Saver||Variable||£799||None|
|Extra Energy||Fresh Fixed Price Dec 2016 v6||Fixed||£831||£25 per fuel|
|First Utility||iSave Fixed December 2016 v5||Fixed||£832||£30 per fuel|
|Flow Energy||Connect 3||Fixed||£836||£30 per fuel|
|Extra Energy||Clear Fixed Price Dec 2016 v3||Fixed||£843||£25 per fuel|
|GnERGY||Fixed November 2016 v1||Fixed||£849||£25 per fuel|
|Robin Hood Energy||Robin Hood Energy Prime v2||Fixed||£850||None|
|OVO Energy||Better Energy Fixed (All Online)||Fixed||£857||None|
|Extra Energy||Bright Fixed Price Dec 2016 v3||Fixed||£858||£25 per fuel|
|Green Star Energy||Rate Saver 12 Month Fixed 2510||Fixed||£859||£30 per fuel|
*Based on dual fuel, payment by monthly direct debit, averaged across all UK regions and for households with an annual energy usage of 12,500kWh gas and 3,100kWh electricity (medium user). Excludes collective tariffs. Correct as of 09/11/2015.