The Cheapest Energy Supplier in the UK for Affordable Electricity Options

In the UK, the cheapest energy supplier can change depending on your circumstances, such as your energy usage and the type of tariff you choose. Some of the most affordable suppliers in the UK include Octopus Energy, Shell Energy, British Gas, Scottish Power, and EDF Energy. These suppliers offer competitive prices and customer service, making them popular choices among UK consumers. Additionally, they offer various tariffs and payment plans to suit different customer needs.

The energy cost in the UK is continuously changing, and it is essential to keep up to date with the latest trends. By comparing energy suppliers in the UK, you can find the best deals available and save money on your energy bills. I am looking for the cheapest energy supplier in the UK. I have done some research and have found a few suppliers that offer competitive prices and good customer service. In this article, I will compare the top cheapest energy suppliers in the UK and provide tips on switching to a new supplier.

Why is it important to switch energy suppliers?

Do you want to save money on your energy bills? Do you need help with your current energy supplier? If so, it might be time to switch.

There are many reasons to switch energy suppliers. Here are a few of the most common:

• To save money: Energy prices can vary widely between different suppliers. You could save hundreds of pounds each year by switching to a cheaper supplier.

• To get better customer service: If you're unhappy with your current supplier's customer service, switching to a new one could be an excellent way to improve your experience.

• To get a better deal on your tariff: Energy tariffs can change frequently, so it's essential to review your current tariff regularly and switch to a better one if you can find one.

• To support a renewable energy supplier: If you're concerned about the environment, switch to a renewable energy supplier. These suppliers generate electricity from renewable sources like wind and solar power.

Switching energy suppliers is quick and easy to save money, get better customer service, and support renewable energy. So what are you waiting for? Switch today!

How to switch to a new energy supplier?

Switching to a new energy supplier is like finding a better deal for your home's electricity and gas. It's a way to possibly save money on your energy bills or choose a supplier that better fits your needs. To do this, you follow a few simple steps to make sure the switch goes smoothly and you get the best energy plan for you. Let's learn how!

Step 1: Compare deals from different suppliers. You can do this using a price comparison website or contacting suppliers directly.

Note: When selecting an energy provider, you must consider your specific requirements, such as price, customer service, and green energy.

Step 2: Choose a supplier and tariff. Consider your needs when choosing a supplier, such as price, customer service, and green energy.

Note: Many suppliers offer discounts for new, existing, and dual-fuel customers.

Step 3: Contact your new supplier. You can do this online, over the phone, or by post. You must provide your current supplier's name, account number, and meter readings.

Step 4: Your new supplier will get in touch with your old supplier to arrange the switch. This usually takes around five working days.

Note: You will not experience a power cut when you switch energy suppliers.

Step 5: Your switch will be complete. You will get a confirmation letter from your new supplier.

How long does it take to complete the energy switching process?

Switching energy suppliers in the UK takes up to 21 days, including a 14-day cooling-off period. This is the maximum time the Energy Switch Guarantee (ESG) allows suppliers to complete a switch. However, most suppliers can complete a switch within 10-14 days. There should be no interruption to your supply when you switch energy suppliers.

What information is required to switch energy suppliers in the UK?

To switch energy suppliers, you will need to provide your new supplier with the following information:

• Your current supplier's name

• Your current tariff name

• Your annual energy usage or costs

• Your meter readings

You can find this information on a recent energy bill or by logging into your online energy account. Once you have provided your new supplier with this information, they can arrange the switch for you.

How much money can you save by switching energy suppliers?

Switching energy suppliers can save you money on your energy bills. You could save up to 45% per year, but your amount will depend on a few things, such as how much energy you use, how long your contract is, and the type of energy you use. To get the best deal, comparing prices from different suppliers is essential.

What are some factors for choosing the best energy supplier?

When choosing an energy supplier, there are a few key factors to consider:

Green energy 

If you're concerned about the environment, choose a supplier that offers green energy plans. These plans utilize sustainable energy sources like solar and wind power.

Customer service

Choosing a supplier with a good customer service reputation is essential. You want to be sure that you'll be able to get help if you have any problems with your account or service.

Single or dual fuel

Some suppliers offer gas and electricity (dual fuel), while others only offer one or the other (single fuel). Consider whether you prefer to get all your energy from one supplier or if you're willing to switch to different suppliers for gas and electricity.

Online services

Many suppliers offer online account access, digital bills, and mobile apps. Consider how vital these online services are to you, and choose a supplier that offers the features you need.

Tariff type

There are two main types of energy tariffs in the UK: fixed and variable. Fixed tariffs offer a fixed price per unit of energy for a set period, typically one or two years. Variable tariffs, on the other hand, can fluctuate up and down in line with the wholesale energy market.

Exit fees

Some energy suppliers charge an exit fee if you switch to another supplier before the end of your contract. Exit fees are typically waived if switching to a green energy tariff.

Payment options

Most energy suppliers offer a variety of payment options, including direct debit, monthly bills, and quarterly bills. Select a payment method that matches your budget and lifestyle.

Other factors to consider

Here are some other things to think about when choosing an energy supplier:

• Whether the supplier offers a loyalty scheme

• Whether the supplier offers a referral scheme

• Whether any industry bodies, such as Ofgem or the Energy Ombudsman, accredit the supplier.

Once you've considered these factors, you can start comparing energy suppliers and tariffs. When you're looking at different energy plans, make sure to think about all the expenses involved. This includes how much each unit of energy costs, any daily charges, how long you'll be committed to the plan, and if there are any extra fees for ending the contract early.

Comparison of Cheapest Energy Suppliers in UK

Here is a table of the cheapest energy suppliers in the UK, based on a combination of factors, including unit rate, standing charge, and green energy offerings:

Note: This is just a table of the cheapest energy suppliers in the UK, and there are many other great energy suppliers in the UK. It is essential to compare prices and tariffs from different suppliers before deciding.

Exploring the Cheapest Energy Suppliers in Depth

In this section, I will explore the above energy suppliers that offer the most competitive rates in the Market, helping you discover potential savings on your energy bills.

Outfox the Market

Outfox the Market is a relatively new energy supplier in the UK, but it has quickly become popular among consumers. It is known for its affordable prices, excellent customer service, and commitment to renewable energy.

Outfox the Market offers a range of tariffs to choose from, including fixed-term and variable tariffs. Its tariffs are often some of the cheapest on the Market, and it frequently introduces new offers and tariffs. Outfox the Market also takes pride in producing all its energy from renewable sources.

However, Outfox the Market may only sometimes be the best option for everyone. For example, it does not accept customers on pre-payment meters.

Here are the pros and cons of Outfox the Market:

Pros

• Affordable prices

• Excellent customer service

• Commitment to renewable energy

• Frequently introduces new offers and tariffs

Cons

• Does not accept customers on pre-payment meters

Overall, Outfox the Market is a good option for consumers looking for an affordable energy supplier with a good reputation for customer service.

ScottishPower

Scottish Power provides 100% green electricity to homes in the UK. It is also committed to making a difference beyond providing energy, having raised over £35 million for Cancer Research UK.

In addition to supplying electricity, Scottish Power also offers a range of services, such as boiler insurance and maintenance, appliance care plans, and home emergency cover. It also provides options to help its customers reduce their carbon footprint, such as solar panels and air source heat pumps. The pros and cons are: 

Pros

• 100% renewable electricity

• Commitment to making a difference

• Range of services to help you save money and reduce your carbon footprint

• Competitive prices

Cons

• Some customers had problems with the customer service.

• Limited payment options (e.g., does not accept pre-payment meters)

Scottish Power is a good option for consumers looking for an energy supplier committed to renewable energy and making a difference. It offers a range of services to help customers save money and minimize their carbon footprint, as well as competitive prices. 

OVO Energy

OVO Energy is a leading energy supplier in the UK, offering 100% renewable electricity to homes and businesses. It is committed to making a difference beyond providing energy, planting over 1 million trees, and supporting many charities.

It offers more than just electricity and gas. It also offers a range of services to assist customers in saving money, decreasing their environmental impact, and making informed energy decisions. These services include smart meters, energy storage, energy efficiency advice, solar panels, and air source heat pumps. Here are the pros and cons of OVO Energy:

Pros

• 100% renewable electricity as standard

• OVO Beyond add-on for customers who want to go even greener

• Interest Reward for customers who keep credit balances

• Competitive prices

Cons

• Some customers have reported problems with billing and customer service

• Limited payment options (e.g., does not accept pre-payment meters)

OVO Energy is a good option for consumers seeking an energy supplier committed to renewable energy. It offers competitive prices and a range of services, but it is essential to be aware of the potential for customer service problems.

British Gas

British gas is one of the biggest energy companies in the UK, providing many different tariffs and services to its customers. It is known for its competitive prices and good customer service.

British gas also offers a variety of fixed-rate tariffs, which can help customers to budget for their energy costs. Additionally, British Gas offers green and electric vehicle tariffs for customers who want to reduce their environmental impact or own an electric vehicle.

Pros

• Competitive prices

• Wide range of tariffs to choose from

• Good customer service

• Fixed-rate tariffs available

• Green tariffs available

• Electric vehicle tariffs available

Cons

• Some customers have reported problems with billing

• Limited payment options (e.g., does not accept pre-payment meters)

British gas is a good option for consumers looking for an energy supplier with competitive prices and a wide range of tariffs. It also has a good reputation for customer service. British gas is a good option, but comparing prices with other suppliers is essential before deciding.

EON

E.ON Next is a new energy brand from E.ON that was launched in 2020. It offers 100% renewable electricity as standard and various other services, such as new boilers, heat pumps, and home improvement grants.

E.ON Next is a subsidiary of E.ON, one of the world's largest energy companies. E.ON Next is available to customers in England, Wales, and Scotland.

Pros

• Competitive prices

• Wide range of tariffs to choose from

• 100% renewable electricity as standard

• Good customer service

• Backed by E.ON, a large and reputable energy company

Cons

• Requires smart meter installation and online account management

• Does not accept pre-payment meters

• Relatively short track record

E.ON Next is a good option for consumers looking for an energy supplier with competitive prices and good customer service. However, it is important to note that E.ON Next requires customers to install a smart meter and manage their accounts online. Additionally, E.ON Next has a relatively short track record, so monitoring customer reviews over time is important. 

npower

npower is a leading energy supplier in the UK, offering its customers a wide range of tariffs and services. It is known for its competitive prices and good customer service.

npower offers a variety of both fixed-rate and variable tariffs, as well as green tariffs and electric vehicle tariffs. npower also offers various other services, such as home heating contracts, boiler covers, and smart thermostats.

Pros

• Competitive prices

• Wide range of tariffs to choose from

• Good customer service

• Green tariffs available

• Electric vehicle tariffs available

• A range of other services are available, such as home heating contracts, boiler covers, and smart thermostats

Cons

• Some customers have reported problems with billing

• Limited payment options (e.g., does not accept pre-payment meters)

npower is a good option for consumers looking for an energy supplier with competitive prices and a wide range of tariffs. It also has a good reputation for customer service. However, it is essential to note that some customers have reported problems with billing and that npower does not accept pre-payment meters.   

Utility Warehouse

Utilita is a Pay As You Go energy supplier that offers a unique pricing structure with no standing charges. This means that customers only pay for the energy they use, which can be ideal for low-income people or those who want to budget more carefully.

Pros

• No standing charges

• Pay As You Go pricing

• Smart meters are provided to all customers

• Easy-to-use online account management

• Good customer service

Cons

• Price-per-unit may be slightly higher than suppliers with standing charges

• Limited payment options (e.g., does not accept pre-payment meters)

Utilita is a good option for consumers looking for a Pay As You Go energy supplier with no standing charges. It also has a good reputation for customer service. However, it is essential to note that the price-per-unit charged by Utilita may be slightly higher than suppliers, including standing charges.

Co-Operative Energy

Co-operative Energy is a member-owned energy supplier in the UK that offers 100% renewable electricity as standard. It is also a competitive supplier, with tariffs often cheaper than its major rivals.

Co-operative Energy is committed to providing its customers with a fair and ethical service. It is also committed to supporting sustainable energy initiatives.

Pros

• Competitive prices

• 100% renewable electricity as standard

• Member-owned

• Committed to fair and ethical practices

Cons

• Smaller customer base than some other suppliers

• They may not have as many tariff options as some other suppliers

Co-operative Energy is a good option for consumers looking for an energy supplier with competitive prices, 100% renewable electricity, and a commitment to fair and ethical practices. It is also a good option for consumers who want to support a member-owned business.

However, it is essential to note that Co-operative Energy is a smaller supplier than some of its rivals. This means that it may have fewer tariff options than some other suppliers. Overall, Co-operative Energy is a good option for consumers looking for a sustainable and ethical energy supplier.

Shell Energy

Shell Energy is a famous energy supplier in the UK, providing energy to over 1.4 million homes. It is a subsidiary of Shell, one of the world's largest energy companies. Shell Energy is also a leading renewable energy provider and smart home technology.

Shell Energy was founded in 2017 and is headquartered in Reading, Berkshire. The company offers a range of energy tariffs, including fixed-rate, variable, and green tariffs. Shell Energy offers various other services, such as home heating contracts, boiler covers, and smart thermostats.

In 2022, Shell Energy was accredited by Which? as a Recommended Provider for Energy. This accreditation is awarded to energy suppliers consistently receiving high customer satisfaction scores.

Pros

• 100% renewable electricity as standard

• Carbon-neutral gas tariff available

• Loyalty programme with various rewards

• Competitive prices

• Good customer service

Cons

• Some customers have reported problems with billing

• Does not accept pre-payment meters

Shell Energy is a good option for consumers seeking a reliable, eco-friendly energy supplier. It offers competitive prices, good customer service, and a range of added perks, such as its loyalty programme and carbon-neutral gas tariff.

Electrocity

Ecotricity is a green energy supplier based in Stroud, Gloucestershire, UK. It claims to be the UK's greenest energy supplier, offering 100% green electricity from renewable energy sources like wind, solar, and hydroelectric power. Ecotricity has a customer base of around 100,000 residential and business users.

Pros

• 100% green electricity from renewable energy sources

• Committed to sustainability and environmental protection

• Good customer service ratings

Cons

• Prices may be higher than some other suppliers

• Some customers had problems with billing and customer service.

Ecotricity is a good option for consumers seeking a green energy supplier committed to sustainability and environmental protection. However, it is essential to note that their prices may be higher than other suppliers, and some customers have reported billing and customer service issues.

Overall, Ecotricity is a good option for consumers looking for a green energy supplier willing to pay a premium.

Utilita Energy

Utilita Energy is a Pay-as-you-go energy supplier in the UK. It was founded in 2009 and has a customer base of over 800,000. Utilita Energy is known for its simple and transparent pricing structure, with no standing charges or exit fees. Customers only pay for energy, ideal for low-income people or those who want to budget more carefully.

Pros

• Pay-as-you-go pricing with no standing charges or exit fees

• Smart meters are provided to all customers

• Easy-to-use online account management

• Good customer service

Cons

• Price-per-unit may be slightly higher than suppliers with standing charges

• Limited payment options (e.g., does not accept pre-payment meters)

Utilita Energy is a good option for consumers looking for a Pay-as-you-go energy supplier with no standing charges or exit fees. It also has a good reputation for customer service. However, it is essential to note that the price-per-unit charged by Utilita Energy may be slightly higher than suppliers with standing charges.

Overall, Utilita Energy is a good option for people on low incomes or those who want to budget more carefully.

EDF Energy

EDF Energy is a primary energy provider in the UK, serving more than 5 million customers. It offers various energy tariffs, including fixed-rate, variable, and green. EDF Energy offers various other services, such as home heating contracts, boiler covers, and smart thermostats. 

Pros

• Wide range of energy tariffs to choose from

• Competitive prices

• Good customer service

• Energy price cap set by the government

• Offers a number of ways to save energy, such as the Energy Hub

Cons

• Some customers have reported problems with billing and customer service

EDF Energy is a good option for consumers looking for a reliable energy supplier with a wide range of tariffs. It also has a good reputation for customer service. However, it is essential to note that some customers have reported problems with billing and customer service.

Overall, EDF Energy is a good option for consumers looking for a reliable and affordable energy supplier.

Best Energy Deals in the UK 2023

Here is a table of the best energy deals from the suppliers you listed, based on a typical household with dual fuel consumption of 12,000 kWh of electricity and 3,100 kWh of gas:

Note: Prices may vary depending on your usage and location. It is always best to compare business energy prices from different suppliers before switching.

How often do energy prices change in the UK?

Energy prices in the UK change constantly, and there is no set frequency for changes. This is because various factors determine energy prices, including market supply, demand, wholesale costs, and government policy.

In recent months, energy prices in the UK have risen sharply due to several factors, including the war in Ukraine, high global demand for energy, and supply disruptions. This has led to a significant increase in the cost of living for many households.

The UK government has introduced measures to help households cope with rising energy costs, including the Energy Price Guarantee. The Energy Price Guarantee caps the amount energy suppliers can charge typical households for electricity and gas. The cap is currently set at £2,500 per year and will remain in place until June 2023.

Despite the Energy Price Guarantee, energy prices in the UK are still expected to remain high for the foreseeable future. This is because the root causes of the problem, such as the war in Ukraine and the high global demand for energy, will likely be resolved soon.

Conclusion 

Finding the cheapest energy supplier in the UK can significantly affect household expenses. As energy prices continue to fluctuate, it's crucial to stay informed and regularly compare available options. Octopus Energy, Shell Energy, British Gas, Scottish Power, and EDF Energy are some of the affordable and reputable choices for UK consumers, each offering various tariffs to suit different needs.

Switching energy suppliers is a straightforward process that can result in substantial savings on your bills. Consider factors beyond price, such as customer service quality, green energy options, and payment methods. By taking the time to research and make an informed decision, you can find the perfect fit for your energy needs and budget. Don't hesitate to switch today to enjoy the benefits of a more cost-effective and environmentally friendly energy supply.

FAQs

Which energy supplier is cheapest in the UK in 2023?

In 2023, the most affordable energy provider in the UK depends on your energy usage patterns and the type of tariff you choose. However, some of the cheapest energy suppliers in the UK in 2023 include Outfox the Market, So Energy, Utilita Energy, EDF Energy, and Octopus Energy.

Will my gas and electricity be affected if I switch suppliers?

Switching energy suppliers will not affect your gas and electricity supply. Your energy supply will continue as usual, and only the billing process will change to the new supplier.

What is a standing charge?

A standing charge is a fixed fee you pay your energy supplier to cover the costs of running the energy network. It is added to the cost of the energy you use.

What is green energy?

Green energy is a special kind of power made from things that never run out, like the sun and the wind. It's super good for the Earth because it doesn't make any dirty stuff like coal or gas does. So, green energy helps keep our planet clean and happy!

Is it a good idea to pick a fixed energy tariff?

The decision to choose a fixed energy tariff depends on the current market conditions and whether it makes financial sense. If wholesale prices are high, fixed deals will be less attractive. However, if market conditions are favorable and you shop around, a fixed-rate tariff is more cost-effective than a variable-rate one.

Should I choose a fixed or variable energy rate in 2023?

Fixed tariffs give you price stability but might cost more, especially if you want to switch. Variable tariffs offer flexibility but require keeping an eye on rates in case they increase so you can find better deals.