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 Tariff TypePrice PromiseManage OnlineAnnual Average CostAverage Annual Savings 
iSupply Energy
FixedFixed until 31/09/15£441£133
Extra Energy
ValuePlus Fixed Price September 2015
FixedFixed until 30/09/2015£449£125
First Utility
iSave Fixed v27 September 2015 Electricity only
FixedFixed Until 30/09/2015£451£123
Fixed 1 Year v6
FixedFixed for 12 months£456£118
Ovo Energy
Cheaper Energy Fixed
FixedFixed for 12 months£460£114
EDF Energy
Blue+Price Promise February 2016
fixedFixed until 29/02/16£463£111
Green Star Energy
No Worries 12 Months Fixed version 1406 Paperless
FixedFixed for 12 months£468£106
Extra Energy
SaverPlus Fixed Price September 2015
FixedFixed until 30/09/2015£471£103
M&S Energy
Fix & Save 2 Paperless Billing
FixedFixed for 12 months£473£101
Green Star Energy
No Worries 12 Months Fixed version 1406 Paper Bill
FixedFixed for 12 months£476£98
LoCO2 Energy
Pocket Fixed 10
FixedFixed for 12 months£477£97
Sainsbury's Energy
Fixed Price May 2015
FixedFixed until 31/05/15£478£96
1 yr Fixed Price Plan Paperless Billing
FixedFixed for 12 months£483£91
Ovo Energy
Better Energy Fixed
FixedFixed for 12 months£490£84
Scottish Power
Online Fixed Price Energy September 2015
FixedFixed until 30/09/2015£491£83
Green Star Energy
No Worries 24 Months Fixed version 1405 Paperless
FixedFixed for 24 months£493£81
The Co-operative Energy
EDF Energy
Green Star Energy
No Worries 24 Months Fixed version 1405 Paper Bill
FixedFixed for 24 months£501£73
British Gas
 Next Page  >

Correct as of: 21/08/2014.

Typical bills are for default standard tariffs for customers paying by quarterly cash and cheque without prompt payment discounts. Average usage 13,500 kWh pa of gas and 3,200 kWh pa of electricity. Cheapest tariffs are monthly direct debit.

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with non-faded buttons.

How to Save Money on Electricity

Finding the cheapest electricity suppliers in your area is a great way to cut your costs and make your money go that little bit further. Here's how to compare electricity prices to make sure you get a cheap electricity deal.

Energy Saving Bulb

With electricity prices seemingly climbing ever skyward, if you want to keep your costs down you need to undertake a thorough electricity price comparison to ensure you find the cheapest energy suppliers in your area.

Here's how to compare electricity prices so you cut the cost and have more money left in your pocket.

What are you looking for?

Before you compare electricity rates and providers it makes sense to establish exactly what you need from your supplier.

Pick a type of tariff

Deciding on the type of electricity tariff you are looking for is a big part of picking the best provider for your circumstances.

As with other utilities including gas, there are two main types of electricity tariffs, fixed and variable.

Essentially a fixed or capped tariff will restrict the amount you pay for a set period. This means you know your costs won't exceed a certain level for the duration of the tariff; however in return for this guarantee the price per unit charged by fixed tariffs tends to be more - at least to start with - than their variable counterparts.

A variable, or flexible tariff doesn't offer any guarantee on the price you're charged per unit so it could change at any time. Alternatively, if prices do fall while you are on a variable tariff, the price you pay could also drop.However, as they don't provide this protection they tend to be cheaper from the outset,  

For more help deciding which type of tariff is right for you, read our guide: How to Get Cheap Electricity.

How much electricity do you use?

Most tariffs incorporate a standing charge into their energy prices, meaning that the price of your electricity per kWh will drop after you've used a set amount.

This means that if you use a small amount of electricity, the standing charge will have a greater impact on the overall cost of your usage, rather than if you use a high amount and move onto the lower rate quicker.

If you are unsure how much electricity you currently use, you can check a past statement or look at your Annual Energy Statement.

When do you use your electricity?

If you can be flexible in when you use the bulk of your electricity then you may want to consider opting for a tariff which offers reduced rates at certain times of the day.

Economy 7 is a common electricity tariffs which slashes the cost of electricity used during off peak hours - ideal if you work shift patterns, or use a storage heater at home.

For more information on whether Economy 7 could give you cheap electricity, read our guide; Economy 7: Could It Help You Cut Your Energy Bills?

Dual fuel?

If you currently have two different supplies for your electricity and gas, you could save money by combining the two utilities onto one duel fuel tariff.

While there is no guarantee that a duel fuel tariff will be cheaper than separate tariffs with different utility suppliers, most will come with discounts of up to 100, or 8% off your bill if you combine the two.

Decide how will you manage and pay your bills

If you're happy to manage your account online and pay by direct debit then you could cut the cost of your electricity significantly.

This is something worth taking into consideration when looking for the cheapest electricity suppliers as the level of discount on offer for each of these could change which supplier proves to be the cheapest option.

However, if you prefer to receive paper statements and pay your bills as they are due then you may be less concerned with the level of discount on offer for managing and paying in this way.

Check the rates

Once you've decided exactly what you want from your supplier and narrowed you options to those offering what you're looking for, you need to compare prices directly.

The main factor you need to check is the kWh rate (price per unit) you are charged for your electricity, both with and without any standing charge, so you find the cheapest suppliers overall.

By checking all these factors you should be able to find the cheapest energy supplier for your electricity usage!

To compare rates you can use our electricity comparison UK table and find the best supplier for your circumstances.

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