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Scottish & Southern Energy launches cheapest dual fuel energy tariff

ReenaSewraz
by Lovemoney Staff ReenaSewraz on 18 January 2013  |  Comments 2 comments

Big six energy supplier Scottish & Southern Energy (SSE) is now offering the cheapest dual fuel energy plan around.

Scottish & Southern Energy launches cheapest dual fuel energy tariff

Scottish & Southern Energy (SSE) has launched a new dual fuel energy tariff which is now the cheapest on the market.

The Discount Energy Bonus April 2015 will cost around £1,146 a year, making it £4 cheaper than the next best deal – the isave Dual Fuel v14 from First Utility - which costs nearer £1,150 a year.

The new deal from SSE is a discounted variable product, meaning the gas and electricity costs aren’t set in stone.

That said, prices on the Discounted Energy Bonus April 2015 are guaranteed to be 11% cheaper than SSE’s standard energy rates until 31st March 2014 and then 2% cheaper until the 1st of April 2015.

Big six

For a while now smaller companies like First Utility and Co-op Energy have been dominating the top spots on the best buy tables.

The new tariff from SSE makes it the only large supplier in the top five at the moment.

SSE’s new deal is £36 cheaper than the next cheapest energy plan from a big six supplier, EDF’s Blue +Price Promise June 2014, which costs £1,182 a year. However, the plan from EDF is fixed, offering protection from price rises until June 2014.

Fixed vs. variable

After a raft of price hikes last year some may prefer to fix the prices they pay for energy to protect their finances.

In which case the cheapest fixed price deal currently comes from First Utility’s  iSave Fixed v6 April 2014 and costs £1,170 a year.

The top ten cheapest energy tariffs

If you want to find out the best deal on offer in your area check out our energy comparison centre.

In the meantime here is a table with the top ten cheapest dual fuel energy plans around at the moment.

Supplier

Tariff

Average Cost

Savings*

Type

Notes

Cancellation Penalties

SSE

Discounted Energy Bonus April 2015

£1,146

£254

Discounted Variable

Prices are guaranteed to be 11% cheaper until 31st March 2014, and 2% cheaper from 1st April 2014 until 1st April 2015.

£50 if you switch away before 1st April 2015

First Utility

iSave Dual Fuel v14

£1,150

£250

Discounted Variable

Prices fixed for three months then variable.

£30 per  fuel until end of three month fix then no penalty

Co-op Energy

Pioneer

£1,157

£243

Standard

Includes recent price drop. Available with paper bill at no extra cost.

None

First Utility

iSave Fixed v6 April 2014

£1,170

£230

Fixed

Prices fixed until 30 April 2014

£30 per fuel until end of fix

OVO Energy

New Energy Fixed

£1,172

£228

Fixed

Prices fixed for 12 months

£30 per fuel until end of fix

EDF

Blue +Price Promise June 2014

£1,182

£218

Fixed

Prices fixed until 30 June 2014

None

npower

Energy Online August 2014

£1,182

£218

Fixed

Customers on this tariff are guaranteed at least 2% lower bill than npower’s current Standard (off-line) variable prices until 31st August 2014

£30 per fuel until end of discount period

BG

Online Variable February 2014

£1,193

£207

Discounted Variable

6% discount against Clear & Simple prices until 28th February 2014

£30 per fuel until end of discount period

Sainsbury's Energy

Online January 2014

£1,193

£207

Discounted Variable

6% discount against Clear & Simple prices until 31st January 2014

£30 per fuel until end of discount period

ScottishPower

Online Fixed Price Energy September 2014

£1,195

£205

Fixed

Prices fixed until 31st August 2014

None

Source: energyhelpline.com on 17/1/2013

All calculations are for an average usage dual fuel household paying by monthly direct debit. Average usage as defined by OFGEM is 16,500 kWh pa of gas and 3,300 kWh pa of electricity

*on a typical bill

More on energy:

Ten ways to save on energy

Energy companies keep £1.2 billion of our savings

How to get free cavity wall and loft insulation

What can you do about rising energy prices?

Energy bosses: "Telling customers which deal is cheapest is too difficult"

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Comments (2)

  • fenemore
    Love rating 251
    fenemore said

    ...for about 30 nanoseconds. It is utterly futile chasing the cheapest energy deal - the hassle is just not worth the effort. You can hardly get a cigarette paper between the prices of each company. What was Maggie thinking of?

    Report on 18 January 2013  |  Love thisLove  0 loves
  • nickthecrip2
    Love rating 17
    nickthecrip2 said

    WOW!!! A whole £4p/a cheaper than the next 'best'! Keep a gas fire on for about 2 hours extra over winter & that goes out the window!

    When I read the headline I actually thought that an energy company had REALLY brought out something worthwhile - drat! Wrong, again!

    When it comes down to it there is virtually NO difference, none that makes a REAL difference, that is, between any of the energy suppliers. I changed to Scottish Power a few months ago when they offered what looked like a good deal. MY Direct debit did go down from what I was paying EON, for about 2 months, then it went up to about the same. Today, I was told they wanted to increase it by nearly 50%!! From £108 to £143p/m. What a waste of time changing.

    Report on 18 January 2013  |  Love thisLove  0 loves

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