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Smaller providers are winning the energy price war

By The Citizen  |  Posted: August 13, 2014

Smaller providers are winning the energy price war
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FEISTY smaller energy providers are giving the big six companies the boot from the top five best buy tables.

MoneySuperMarket data shows that British Gas, EDF, Eon, nPower, Scottish Power and SSE have been absent from the top five tables since February.

Since then, the lowest-priced energy deals available to new customers have been consistently offered by the smaller energy companies. The current best priced tariff is from Co-op Energy.

Kevin Pratt, energy expert at MoneySuperMarket, said: “The big six haven’t shown much love for new energy customers since Valentine’s Day, with the smaller providers championing lower energy prices for UK households.

"They regularly reduce the cost of their market-leading deals and are fighting it out for top spot in the best buy tables, wooing new customers with cheaper energy bills."

Further analysis found six of the top ten energy tariffs include an exit fee, with the most expensive being £60 from smaller suppliers First Utility, Ovo Energy and Green Star Energy.

Mr Pratt said: “Now is a good time to shop around and find the best value tariff for your area and usage, particularly as many fixed rate deals are coming to an end.

“As the summer month’s draw to a close, cutting the cost of energy bills might be starting to creep into people’s minds. It still takes between six and eight weeks to switch supply so if you want to be tucked up with a new energy company this winter with lower bills you need to act sooner rather than later.”

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  • SandraPee  |  August 13 2014, 12:18PM

    But the CO-OP doesn't give a social tariff for those on low household incomes .........worth about £150 during the winter period !

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