An SVT is your provider's default tariff and you'll automatically move to this when your deal ends. It's usually quite expensive, so if you're on an SVT now, chances are you could save money by comparing energy prices and switching to a new deal. Dual fuel tariffs cover your gas and electricity. You'll only have to deal with one supplier for both and it could work out cheaper than separate deals.
Compare and switch suppliers
That's not always the case though, so you might want to compare gas and electricity separately to get the cheapest energy you can. A fixed rate tariff will set your price for a certain length of time. The amount you pay per unit of energy stays the same while you're on a fixed rate, so your bills will only go up or down if you use more or less gas and electricity. It protects you from price increases, but you won't benefit if prices fall. Green tariffs use renewable sources, so your energy is environmentally friendly.
They won't always be the cheapest deals on offer though, so if price is your main concern they might not be the right product for you. Collective tariffs let people group together to negotiate a better deal with their energy supplier. They're usually only open for a limited time and to certain groups of people, but they sometimes offer market-leading deals.
Prepayment energy tariffs use a prepaid meter in your home, which you'll have to top up. You usually do this using a card or key that you can load with credit online, over the phone, or in local shops. You'll pay two prices for your electricity on an Economy 7 tariff - one for night time and one for day. You'll need an Economy 7 meter that separately measures seven off-peak hours at night when energy is cheaper. The other 17 hours will be classed as peak time and more expensive.
All you need to compare energy deals is your postcode and details of how much energy you use - just give it a try.
Energy Comparison | Compare Gas and Electric Prices with GoCompare
More of our customers switched to these providers in the last six months compared with other energy providers. Tell us your postcode, current supplier, your estimated usage - either by kWh or monthly cost - and the type of energy comparison you're looking for, either gas, electricity or dual fuel. We use your information to compare energy prices across our suppliers.
In under a minute, we share savings compared with your current tariff, energy price information and other key facts such as exit fees and tariff length, all in an easy-to-read comparison table. It's up to you which tariff best suits your needs. Until you select your tariff and go through the sign-up process, there's no obligation to switch your energy deal. In December , the average switching time was 16 days for electricity and 18 days for gas, according to Ofgem. Within this timeframe you have a 14 day cooling-off period, during which you can change your mind about your energy switch should you want to.
It should take no more than 21 days for you to be fully switched. But how much your energy bills cost will depend on the amount you use and the price your provider charges. Cut costs with our top tips. Turn lights off and unplug appliances and chargers when they're not needed. Use draught excluders and thicker curtains to keep your home warm and cosy. Don't leave the radiators on while no one's home. Wash your clothes at lower temperatures. Use a smart meter to keep and eye on how much energy you're using.
Double glazing insulates your home and helps reduce your heating bills. Always see if you can get a better price by comparing energy deals and suppliers. If you apply to switch suppliers, there'll be a cooling-off period of up to 14 days to allow you to change your mind. Your meters can generally be found on the outside of your property in a meter box, or in the kitchen or hall. Read more if you still can't find your meter.
Yep - tenants have as much right to switch energy supplier as homeowners if they are paying the bills directly. It doesn't matter if it's a prepaid meter or standard. But it's worth having a chat with your landlord or checking your contract first. You can but you might have to pay an exit fee if it doesn't fall within the cooling-off period or if you're on a fixed tariff. Switching energy suppliers is quite straightforward process, it could save you a lot of money in the long term and it helps to encourage competition and fair play in the energy market.
If you decide to switch to a tariff with us and our partner Energylinx, we receive a small fee from the energy supplier once your cooling off period has ended. This fee helps us to maintain our website, improve our services and invest in our people, but don't worry, it isn't lumped onto your bill. Many suppliers impose a standing charge - a fixed charge per day - with the price varying between tariffs and suppliers. Here we've listed five of the easiest ways to cut your energy bills. If you're in credit to your supplier you can ask for the money back. Households paying via direct debit pay a set amount each month for their gas and electricity.
But for some months of the year — usually when it's warmer so during summer and spring — your energy account will be in credit. This is your money and it is possible, if you want the cash and the interest, to contact your supplier and ask for this to be transferred to you.
Before you decide to switch
Cut your energy usage. It sounds simple enough but if you change the way you're using your gas and electricity, and if you're able to reduce your usage, your bills will go down. Small changes can make quite a big difference. If you're able to pay your energy bills via direct debit, so one fixed payment is made per month, this could be cheaper than other methods. You can still save money even if you don't switch suppliers.
While typically the biggest savings are still to be had by switching providers, if your current supplier is offering a cheaper tariff than the one you're currently on, you could switch to it and cut your bills. To find out if you could save, contact your supplier and ask if what the cheapest tariff available is, if it's less than your current deal then ask it if you can switch.
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That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. How we can help Contact us. Here's why they should be wary Could you cut your energy bill costs by switching to the best deals?
Should you fix? Who is cheapest? Prices assume a household with medium annual consumption on a dual-fuel tariff paying by monthly direct debit. A growing number of suppliers are now offering deals that will replace the same amount of electricity you take from the grid, with electricity from renewable sources. A smaller number are also offering green gas. The increase in competition means prices for green tariffs are now far more affordable than they once were.
If you are considering switching, make sure you check what percentage of green energy the supplier will match, before you sign up though. Some tariffs call themselves green, but only match a small percentage of your use. How to switc h y our gas and electric ity The simplest and often best way to switch energy bills is to use an online service, which can compare the tariffs on offer for you. Current account. For current account rewards and interest conditions may apply eg.
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Guide to switching supplier
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