As of September 1st, 2021, British Gas offered the cheapest tariff among the Big Six energy suppliers for which data was available, with their "Energy Plus Protection Mar2024v13" tariff.
Understanding Energy Supplier Costs
The cost of energy tariffs can fluctuate significantly based on various factors, including the supplier, specific tariff details, payment method, and the prevailing market conditions. The "Big Six" traditionally refers to the largest energy providers in the UK. Comparing their tariffs at a specific point in time provides a snapshot of the most competitive offerings.
Based on available data from September 1st, 2021, the top cheapest tariffs from these suppliers were as follows:
| Supplier Name | Tariff Name | Annual Average Cost |
|---|---|---|
| British Gas | Energy Plus Protection Mar2024v13 | £1,275 |
| EDF Energy | Simply Online Sep24v2 | £1,282 |
| British Gas | Green Future Oct 2023 | £1,314 |
| ScottishPower | Fixed Price December 2022 M2 | £1,577 |
Key Takeaways on Tariff Pricing
- Lowest Cost: The British Gas Energy Plus Protection Mar2024v13 tariff was identified as the most affordable at £1,275 annually.
- Provider Variation: Even within the same supplier, different tariffs can have varied costs, as seen with British Gas's two listed tariffs.
- Dynamic Market: Energy prices are highly dynamic. The cheapest supplier and tariff can change frequently due to new offerings, market events, and regulatory changes.
Finding the Best Energy Deal
To find the most current cheapest energy supplier and tariff for your specific needs, it is always recommended to:
- Compare Regularly: Energy tariffs change often, so regular comparisons are crucial.
- Consider Usage: Your actual energy consumption patterns will influence which tariff is truly cheapest for you.
- Check Tariff Details: Look beyond the headline price to understand contract length, exit fees, and whether the price is fixed or variable.
