A range of suppliers are offering cheap tariffs this January
A number of cheap energy tariffs have been released that could help you pay significantly less
January is a month where people tend to feel the pinch most financially. This is mainly due to overexerting their bank accounts over Christmas and New Year.
Over inflated energy bills add to the troubles experienced by many households at the start of the year. However, since the start of the year, there have been a number of cheap energy tariffs released that could help you pay significantly less on your monthly energy bill, and claw back some of that Christmas debt.
Today, one of the Big 6 energy suppliers npower have launched a new fixed price tariff – Online Price Fix February 2017, costing just £805 a year at medium usage. Customers switching to this new tariff will see their electricity and gas prices fixed until 28th February 2017. The tariff is a 30% discount to npower’s standard tariff and is the cheapest open market tariff from a big supplier in over 4 years.
Another new tariff released post-New Year, and currently the cheapest fixed tariff on the open market is extraenergy’s Fresh Fixed Price Feb 2017 v1. This tariff costs £791 a year and is also fixed till 28th February 2017. The average big six standard tariff costs £1,098 per year, so customers switching to this tariff can expect to save up to £307 on their annual bill.
Other suppliers to introduce cheap fixed tariffs this year include first:utility, iSupply, and Places for People Energy.
The best buy table below shows the top 10 cheapest fixed tariffs currently available on the open market.
|Supplier||Tariff||Average Cost||Saving vs
|1||extraenergy||Fresh Fixed Price Feb 2017 v1||£791||£307||28 Feb 2017|
|2||Places for People Energy||Together - February 2017 - fixed 29||£794||£304||28 Feb 2017|
|3||extraenergy||Clear Fixed Price Feb 2017 v1||£799||£299||28 Feb 2017|
|4||GB Energy Supply||Fixed 12 Emerald||£799||£299||12 months|
|5||extraenergy||Bright Fixed Price Feb 2017 v1||£800||£298||28 Feb 2017|
|6||GnERGY||Fixed February 2017 v1||£802||£296||28 Feb 2017|
|7||iSupplyEnergy||iFix February 2017||£804||£294||28 Feb 2017|
|8||npower||Online Price Fix February 2017||£805||£293||28 Feb 2017|
|9||So Energy||So Badger||£806||£292||12 months|
|10||first:utility||First Fixed March 2017 v2||£817||£281||31 Mar 2017|
* Saving calculated against an average bill of £1,098 (average of Big Six energy suppliers' Monthly Direct Debit payment method Standard tariffs).
- Source: energyhelpline.com, 13/01/2016
- All calculations are for an average usage dual fuel household paying by Monthly Direct Debit. Average usage defined by OFGEM is 12,500kWh p.a. of gas and 3,100kWh p.a. of electricity