Fix your energy costs at cheapest rates

Want the security of fixed gas and electricity prices AND one of the cheapest energy deals on the market?

 

Not long ago, you’d have had to choose between the two.

But now you can combine both thanks to a competitive new deal from Co-operative Energy – available to YOU through an exclusive deal with MoneySuperMarket Group.

And that’s got to be worth a look!

It’s also a limited the 10,000 customers, so it won’t be around forever.

And it’s only available through MoneySuperMarket Group’s comparison services till 6.00pm Tuesday January 6!

Details of the deal

The Co-operative Energy Fair & Square to March 2016 dual fuel (gas and electricity) tariff will cost an average user £938 for a year, based on typical family home consumption of 3,200 kWh of electricity and 13,500 kWh of gas per year.

It's not the cheapest deal on the market. Two new tariffs from Extra Energy - Fresh Fixed January 2016 and Clear Fixed March 2016 - are a shade cheaper at around £937 a year for a typical household. But, unlike Extra, Co-op belongs to the Warm Home Discount scheme. Those who qualify for the scheme, mainly pensioners and those on low incomes, can see £140 knocked off their annual bill - clearly an important consideration for some consumers.

The added bonus with these online deals is that the price per unit of gas and electricity you use is fixed, in the case of the Co-op and Extra Clear Fixed tariffs, until April 2016.

So you can relax in the knowledge that your energy bills won’t suddenly shoot up in that time – even if energy providers increase their prices.

All you have to do to get this double whammy of security and value for money is pay your bills by monthly direct debit and manage your account online – you won’t get a paper bill.

Exit penalties

You will, however, have to pay exit penalties of £30 per fuel with the Co-op and £25 per fuel with Extra if you decide to switch away from these tariffs before April 2016.

In other words, if you’re expecting big cuts in energy prices in the next 12 months or so, these might not be the right deals for you – it really depends on how much you’re paying at present.

If you’re paying significantly over £1,000 per year – and that’s highly likely if you’re on your energy provider’s standard tariff – it is worth considering a move as you’d likely save more than the £50 or £60 it would cost you in penalties.

Why NOW is the time to switch

In the past, the cheapest energy deals were always variable.

In other words, they were only available to those prepared to take the risk of energy price hikes pushing up their bills.

Now though, you don’t need to choose between security and value for money.

ALL the top 10 tariffs on the market at the moment are fixed – meaning the unit price won’t change, whatever happens to wholesale energy costs.

And the savings available are HUGE: moving from a standard energy tariff to one of the leading deals could save you around £200 a year.

Stephen Murray, energy expert at MoneySuperMarket, said: Those who are languishing on their providers' standard tariffs would need to see a reduction of nearly £200 in their bills to compete with the top fixed-rate deals.”

How to switch

You might think that savings of hundreds of pounds would be enough to motivate people to switch energy suppliers.

But incredibly, some six in 10 consumers have NEVER switched, and are paying way over the odds as a result.

That’s crazy – especially when switching is so EASY…

Step 1: look at your latest energy bill to find out how much you pay for your existing tariff, and how much energy you currently use

Step 2: compare the various tariffs on offer and pick the best deal for you.

Step 3: apply via MoneySuperMarket for your chosen tariff.

Step 4: wait just 17 days for cheaper home energy – WITHOUT any new pipes or any work being done inside or outside your home.

It used to take five weeks or more to switch providers, but energy suppliers must halve this time by December 31 deadline, meaning it takes 17 days – three to switch, plus a 14-day cooling-off period.

 

 

Please note: any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.

* 51% could save at least £199, MoneySuperMarket Data, September 2014

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