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Guide to the latest gas and electricity deals

In the world of energy, nothing stands still. Tariffs and prices are constantly changing, which makes it all the more difficult to make sure you're getting the best price for your energy.

The Retail Market Review (RMR) of the energy market - by Ofgem, the market regulator - has made things somewhat easier for energy customers. You'll now be told regularly, in writing, which of your supplier's tariffs is cheapest for you.

You'll also receive more informative bills and be notified more clearly when your supplier puts its prices up.

But it's still worth knowing what you can do for yourself to keep on top if your bills. That way, you'll never pay a penny more than you need to.

Save up to £210 on your energy bills 

Fix your deal and beat the price hikes

Opting for a fixed deal will give you peace of mind in knowing that the price you pay (per unit) for your gas and electricity won't change, even if there are price hikes across the board, for the entire length of the tariff.

The obvious catch is that if energy prices generally fall while you're fixed in, you won't benefit from price drops - but energy prices really do only tend to move in one direction (upwards).

You should also look out for tariffs with exit fees, because if prices do fall and you want to escape your fix, you don't want to be charged a penalty for doing so, as it could negate any potential savings.

The most important thing to remember is that competitive fixed price deals aren't going to be around forever, so whether you want the cheapest deal on the market, or protection against price increases, you need to act quickly before they are removed and replaced with more expensive versions.

Choosing the right tariff for you

The cheapest average tariff isn't necessarily the cheapest gas and electricity for you. The best deal for you depends on how much energy you use and in which part of country you live.

It is always worth finding out your overall annual consumption in kilowatt hours (kWh) and using this for your comparison. This will give you a much more accurate result when you run a comparison.

The MoneySuperMarket energy comparison tool will help you to decide what the right tariff is for your household. Don't worry if you don't have your actual usage stats to hand don't worry. Our built-in calculator will help you estimate your usage depending on your type of property, how many people live there and when you tend to use most energy.

Energy saving starts at home

Although regularly switching energy suppliers is a smart way of saving money, you can also reduce your energy bills by making sure your home is as energy efficient as possible.

Uninsulated walls can account for up to 33% of heat lost from a building, and cavity wall insulation could save you as much as £180 per year. Cavity wall insulation costs around £300 - but you may be entitled to a grant to help pay for it.

The grants are dependent on your personal circumstances, your age and location. You can find more information about the grants in the 'search grants and offers' section here.


*51% consumers, MoneySuperMarket data, December 2014