The price of the cheapest energy tariff continues to plummet in what marks the start of a winter price war between suppliers, according to Uswitch.com, the independent price comparison and switching service.
E.ON has today reduced the price of its latest fixed term tariff – launched on Wednesday to coincide with a 5.1% cut to standard gas prices – by £14 to reclaim top spot in the best buy tables. Its newest deal has now undercut rivals SSE and Extra Energy, who both launched market-leading deals in the past 48 hours.
E.ON’s ‘Energy Fixed 1 Year v19’, priced at just £769 based on average energy use, is the cheapest tariff on the market for almost five years. The new plan will be £288 a year cheaper than the supplier’s standard variable tariff after its gas price cut takes effect on 1st February.
Tom Lyon, energy expert at Uswitch.com, says: “It looks as though a winter price war is well underway as suppliers battle it out to rule the roost in the best buy tables. But, while the price of fixed deals is plunging, the cost of standard tariffs continues to fall like a feather.
“If you’re one of the 70% of consumers paying over the odds for energy by languishing on the most expensive tariffs, you shouldn’t wait for token-gesture cuts to standard plans from suppliers. Instead, shop around and switch to one of the new competitive fixed deals, which can be £325 a year cheaper than the average big six standard tariff.”
Market’s top ten cheapest dual fuel tariffs:
| Supplier | Plan name | Average bill size | Tariff type | Cancellation fees | |||
|---|---|---|---|---|---|---|---|
| 1 | E.ON | E.ON Energy Fixed 1 Year v19 | £769 | Fixed | £30 per fuel | ||
| 2 | Extra Energy | Fresh Fixed Price Feb 2017 v3 | £772 | Fixed | £25 per fuel | ||
| 3 | SSE | SSE 1 Year Fixed v4 | £775 | Fixed | £30 per fuel | ||
| 4 | GB Energy Supply | Premium Energy Saver | £787 | Variable | – | ||
| 5 | Places For People | Together – February 2017- fixed 30 | £794 | Fixed | £30 per fuel | ||
| 7 | Gnergy | GnERGY Fixed February 2017 | £802 | Fixed | £25 per fuel | ||
| 8 | iSupply | iFix 201702 | £804 | Fixed | £30 per fuel | ||
| 9 | npower | Online Price Fix February 2017 | £805 | Fixed | £20 per fuel | ||
| 10 | So Energy | So Badger | £806 | Fixed | £5 per fuel |
Source: Uswitch.com. Correct as of 22/01/16.
For more information visit www.Uswitch.com or call 0800 093 06 07
FOR MORE INFORMATION
Jason Wakeford
Phone: 0203 872 5612
Email: jason.wakeford@uswitch.com
Twitter: @UswitchPR
Notes to editors
Fixed deal (E.ON Energy Fixed 1 Year v19)
Average bill size: £769 (paperless billing)
£30 cancellation fee per fuel
Rates fixed for 12 months
ON Reward Points are available
Winner of Uswitch.com’s ‘Large Supplier of the Year’ 2015
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