What are the Best Energys Deals in the UK for 2022?

The UK energy market has been in turmoil since September 2021 when wholesale energy prices rocketed to levels never seen before. Due to ongoing global tensions impacting supply, and the daily volatility of wholesale gas prices, the UK energy switching market has been on hold. In essence, this means switching to a cheaper energy tariff has been ruled out since September 2021 meaning the vast majority of UK homes are now on their energy supplier's 'Standard Variable Tariff'. Usually deemed as some of the most expensive tariffs, these tariffs are now significantly cheaper than anything else available on the market direct from your supplier.

For now, our advice remains to focus on reducing your energy consumption whilst remaining vigilant to any possible savings as and when the market returns. Check back regularly to see when that is.

There really is no set answer to "who offers the best energy deal" as it changes on a daily basis and varies by customer e.g. whether you're a single fuel (e.g. electricity only) or dual fuel customer, what type of energy meter you have e.g. a prepayment meter or smart meter, where in the country you live, how much energy you use and how you pay for your energy e.g. monthly direct debit.

However, there is an easy way to find out the best energy deal on the market...

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How to get the best energy deal

Using our Ofgem approved energy switching platform, you can compare hundreds of the best gas and electricity tariffs from UK energy suppliers in just a few minutes.

Our system is fully integrated with industry databases to automatically confirm who your energy supplier is and even how much energy your property currently uses.

To do this, simply enter your postcode and select your property.

As we will automatically confirm your existing energy supplier(s), the next thing to do is to confirm which energy tariff you are on. If you've never switched, or your current tariff has recently expired, you will be on your existing energy supplier's "Standard Variable Tariff" - also known as an SVT. Of the 29m UK homes, it is believed that 22m of them are now on these tariffs.

Next up, confirm how much energy you use in kilowatt hours (Kwh) or enter in your current spend. NOTE: If entering your spend, for those who have a dual fuel tariff (meaning both fuels are with the same supplier), simply split the amount in half. For example, if you spend £100 per month on your gas and electricity, enter this in as £50 per month on your gas and £50 per month on your electricity.

We must stress here that for the most accurate energy comparison, we strongly advise you enter in your annual consumption in kilowatt hours (kwh) which will be on your most recent energy bill. If not, go with what our system is automatically showing you...it's accurate to the latest set of data your existing energy supplier holds on your property.

That's it. Our energy switching platform will now use your details to compare all of the best energy deals in the market to work out how much they will cost and, depending on market conditions, how much you could save on your energy bills by switching.

If you find an energy supplier you like (and be sure to check out our list of the best energy suppliers for 2022 guide first), you can go ahead and switch through our energy switching website. Once done, we will send your application to the new energy supplier and within 21-days you'll be on supply. If you have any bumps along the way, our team of UK-based energy experts will be on hand to answer any questions.

What are the best energy deals in 2022?

The list below shows the best energy deals available on the market today:

Supplier Tariff Name Estimated Annual Bill
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For comparison purposes, energy prices shown above are based on the London region ONLY. Prices may vary depending on the region you live in. To see the best deals for where you are, run a comparison using our Ofgem approved energy switching tool.

What determines energy prices?

The list of variables is significant and includes things such as:

•  The energy supplier's pricing strategy i.e. whether they operate in the spot market or whether they hedge and buy in their energy in advance.

•  Global energy conditions such as the price of gas which is supplied from around the world in which we're therefore competing against other countries to bring this gas in to enable us to generate electricity (remember around 50% of the UK's electricity is still produced using gas in through "Combined Cycle Gas Turbines" - CCGT.

•  The increasing use of renewable energy also plays a role meaning the UK can rely less on imports from mainland Europe if our own renewable energy sources are working to full capacity such as solar, hydro and wind.

•  Demand plays a huge part in it too and thus is impacted dramatically by the weather. If our demand surges during a cold snap and we don't have sufficient storage capacity this can impact the price of energy passed through to consumers.

How do I protect my energy bills?

With the above examples of key factors effecting energy prices, the best advice for consumers is to opt for a fixed rate energy tariff instead of a standard variable tariff. In doing so, you are protecting yourself against the unknown macroeconomic factors meaning the price you pay for each kilowatt of energy used remains the same for the duration of your tariff. This does however mean that should energy prices fall you won't reap the benefits but even then you can always terminate and switch energy suppliers again. However, please note, this may carry an exit fee of around £35 per fuel so please be sure to check this out beforehand. To benefit from falling gas and electric prices, you will have to switch to a variable rate tariff.

Which energy companies are the best?

The energy delivered to your home isn't the responsibility of your energy supplier and instead is carried out by your Distribution Network Operator. Therefore, really all you are selecting an energy supplier for is:

1) To determine the price you pay
2) To provide you with good customer service
3) To provide an easy user-experience to check and pay your energy bills
4) To help the environment through a more environmentally friendly fuel mix

In terms of the suppliers available, you really have two categories:

1) One of the "Big Six" - this includes British Gas, EDF Energy, Scottish Power, SSE, EON Energy and npower
2) One of the new smaller suppliers - this includes everyone else!

The benefits in our opinion are that there is potentially more risk opting for a smaller supplier as they may not have the infrastructure to handle an influx of customers meaning, whilst their prices may be competitive, you may not get a good user-experience and there is always the risk of them collapsing. Alternatively, some of these guys are really raising the bar in the energy industry and have been set-up by people looking to simplify and improve the UK energy market by providing:

  • The cheapest energy prices
  • Green energy
  • Great customer service

How else can I keep my energy bills low?

The biggest step is to make sure you're not on your energy companies standard, or default, energy tariff. Anything on your energy bill saying "standard" is a guaranteed sign that you are paying too much and you need to compare energy prices and switch ASAP.

You also need to ensure your energy bills are accurate by making sure you are submitting regular meter readings. If you have a smart meter (latest statistics show there are now 14 million installed in domestic premises), this will be happening automatically but if not you need to take a reading and call your energy supplier or submit it online. If you have a gas meter, and want to know how to convert the reading in to kilowatt hours, use our handy gas units converting tool.

Next step is to focus on the energy efficiency of your property and knowing when and where you are using most of your energy. Our energy saving tips can provide you will you need to know to reduce your energy consumption and therefore save money.

If you currently have two separate energy suppliers, you could benefit from transferring this to one supplier on what is called a dual fuel tariff. This means both your gas and electricity is on the same tariff and billed together.

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