Compare Gas and Electricity Quotes with The Money Pig
All of us use energy differently. As a result, what the right energy tariff looks like will be different for everyone. You might need the cheapest energy deal because you live in a busy household with appliances running all day. You could be looking for a way to reduce your cost of living even further. The Money Pig is here to help you find the best available energy deals in your area with our top rated energy comparison tool.
Compare Energy Providers and
Switch to a Cheaper Deal
The average UK household overpays for their energy to the tune of £220 per year, even after the introduction of the energy price cap in 2019 designed to help you save. Don’t be one of them! Let The Money Pig help you to pay what you should do for your energy.
Tell Us Your Details
With your postcode, details about your home and your energy usage, we’ll show you the best energy deals available to you in a matter of minutes.
Choose a Provider and Switch with The Money Pig
Compare energy deals, choose a provider, and begin the process of switching your energy with The Money Pig today.
How Do You Provide My Energy Quote?
To provide you with an accurate set of energy quotes, we’ll ask you to tell us some details about yourself, your home, and your energy usage. We’ll need to know:
Different energy providers will be available in different areas. At the same time, their prices might be slightly different from place to place, too. By telling us your postcode, we can show you the energy deals available to you.
Details About Your Home
One of the most significant factors to determine energy usage is the size of your home. We’ll ask you how many rooms and bedrooms your home has. If you don’t know how much energy you use, this will help us provide you with an estimate and show you relevant quotes.
Your Current Energy Provider & Tariff
By telling us your current energy provider and the tariff you’re on, we can show you deals that will work out cheaper.
Your Energy Usage
When we know your energy usage, our energy comparison tool will compare unit prices across a range of providers to work out what you’ll pay. If you’ve told us about your current provider, we can show you how much you’ll save.
What Will my Gas and Electricity Cost?
Due to the competitiveness of the energy market, energy costs tend to be unstable and regularly fluctuate.
According to Ofgem, the average household energy bill in the UK for customers on a dual fuel tariff is £104.50 a month, or £1,254 per year.
You could pay significantly more or less depending on the size of your home, how many people live at home, and energy use throughout the property.
How to Get Cheaper Energy
While we’ll help you find the cheapest energy deal available, there are many ways you can reduce your energy usage and costs.
What Types of Energy Deals are There?
In general, energy deals fall into two different types: fixed tariffs and variable tariffs.
If you’re on a fixed tariff, your energy prices are set and won’t change until your tariff expires. Energy providers typically offer fixed tariffs over periods of anything from six to 24 months. These tariffs are great for customers who want to be sure of what they’re going to pay. However, it’s important to note just the unit price of your energy is fixed, so if your energy usage increases, so will your monthly and annual costs.
In contrast, variable tariffs mean your energy costs can increase or decrease, usually in line with the wholesale energy prices your provider pays. While you might get cheaper gas and electricity in comparison to a fixed tariff, you need to be wary of prices increasing, too. However, if you’re on a variable tariff and your costs increase, you can always compare energy deals again and switch to a fixed tariff!
Below, we look at the common tariffs you will find when shopping around for energy.
Standard Variable Tariffs (SVT)
SVT’s are the energy providers’ default tariffs. If you’re not on a specific tariff or deal, then you’ll be on your supplier’s SVT. If you are on a particular tariff which then expires, you will usually automatically move onto an SVT. While SVT’s work for some households, they are typically the most expensive tariff around, so you could save by looking for a different deal.
Dual Fuel Tariffs
A dual fuel tariff is when you use one supplier for both your gas and your electricity supply. Many households prefer a dual fuel tariff as it provides convenience, but it isn’t always the cheapest option. Consider comparing gas and electricity separately to get the best prices available.
As we saw earlier, a fixed rate tariff sets your price for a specific period. Your energy unit price is locked in, which means if wholesale energy prices increase you won’t see your costs do the same. However, you could miss out on savings if the wholesale energy price drops. Consider whether a fixed rate tariff would be beneficial to you before committing to it.
Once I’ve Chosen a Provider, How Quickly Can I Switch?
Switching energy providers should take no more than 21 days from the day you compare deals with The Money Pig and choose a new supplier. The latest Ofgem data puts the average switching times at between 15 and 18 days. When you choose to switch energy provider, you have a cooling-off period of 14-days, during which you can cancel your switch.
A once physio turned digital entrepreneur. Having made money in a lot of online models, I am focused on helping others achieve financial freedom, through not only making money, but saving money and investing money, so that you can live on your terms.