Best UK Energy Suppliers For 2024

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Switching energy supplier can be one of the best ways to save money on your gas and electricity bills – provided, of course, you can find a new deal that’s sustainably cheaper.

Around 85%* of households in Great Britain are currently on a standard variable tariff. Standard tariffs fluctuate throughout the year because they are linked Ofgem, the regulator’s, energy price cap, which is reviewed three months. The cap limits what suppliers can charge for each unit of gas and electricity and associated daily standing charges (but your bills are still determined by the amount of energy you use).

Currently, the energy price cap is £1,717 a year (for a typical dual-fuel household paying by direct debit). The next update will land on 1 January 2025.

An alternative to a variable rate deal is a fixed-rate tariff, where the price stays the same regardless of how the cap moves. We’ve rounded up the leading fixed tariffs currently on the market.

* 27 million out of 32 million customers are on a Standard Variable Tariff (SVT), Ofgem August 2024 

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Top UK energy providers


Current Price Cap (1 Oct 2024 to 31 Dec 2024) Next Price Cap (1 Jan 2025 to 31 Mar 2025)
£1,717 a year Estimated £1,697 (Cornwall Insight)
Based on a dual-fuel household paying by Direct Debit with typical usage of 2,700 kilowatt hours of electricity, 11,500 kilowatt of gas.

1-year fixed rate deals

EDF Energy Essentials Fixed 1Yr Nov25

EDF Energy Essentials Fixed 1Yr Nov25
5.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,588.93

£132.41 per month

Exit fee

£25

per fuel

Trustpilot score

4.6 stars

(Over 99k reviews)

EDF Energy Essentials Fixed 1Yr Nov25
Get A Quote

Via Uswitch's Website

Annual price

£1,588.93

£132.41 per month

Exit fee

£25

per fuel

Trustpilot score

4.6 stars

(Over 99k reviews)

Why We Picked It

The EDF Energy EDF Essentials Fixed 1Yr Oct25v2 deal (available through uSwitch) offers a competitive fixed deal until 30 November 2025.

EDF has an excellent Trustpilot score of 4.6 stars out of 5.

Pros & Cons
  • Price fixed for 12 months
  • Requires a smart meter

E.ON Next Next Fixed 12m v32

E.ON Next Next Fixed 12m v32
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,596.41

£133.03 per month

Exit fees

£50

per fuel

Trustpilot score

4.4

(Over 119k reviews)

E.ON Next Next Fixed 12m v32
Get A Quote

Via Uswitch's Website

Annual price

£1,596.41

£133.03 per month

Exit fees

£50

per fuel

Trustpilot score

4.4

(Over 119k reviews)

Why We Picked It

E.ON offers a 12-month fixed-rate energy deal.  A £50 exit fee per fuel applies if you decide to leave before the 12 month contract is up, once the 14-day cooling off period ends.

Signing up to this tariff means you agree to have a smart meter installed if you do not already have one.

E.ON has an excellent Trustpilot rating of 4.4 stars out of 5.

Pros & Cons
  • Price fixed for 12 months
  • Requires a smart meter

OVO Energy 1 Year Fixed 10 October 2024

OVO Energy 1 Year Fixed 10 October 2024
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,608.19

£134.02 per month

Exit fee

£50

per fuel

Trustpilot score

4.5 stars

(Over 184k reviews)

OVO Energy 1 Year Fixed 10 October 2024
Get A Quote

Via Uswitch's Website

Annual price

£1,608.19

£134.02 per month

Exit fee

£50

per fuel

Trustpilot score

4.5 stars

(Over 184k reviews)

Why We Picked It

The OVO Energy 1 Year Fixed tariff (available through uSwitch) offers a competitive fixed rate deal.

OVO Energy has an excellent Trustpilot score of 4.5 stars.

Pros & Cons
  • Price fixed for 12 months
  • Expensive exit fee
  • Requires a smart meter

E.ON Next Next Gust 12m v12

E.ON Next Next Gust 12m v12
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,631.42

£135.95 per month

Exit fee

£50

per fuel

Trustpilot score

4.4

(Over 115k reviews)

Annual price

£1,631.42

£135.95 per month

Exit fee

£50

per fuel

Trustpilot score

4.4

(Over 115k reviews)

Why We Picked It

E.ON’s 12-month fixed-rate tariff allows customers to lock in a set price for a year. This supplier charges a £50 exit fee per fuel if you decide to leave before the 24-month contract is up, once the 14-day cooling off period ends.

It’s important to more that signing up to this tariff means you agree to have a smart meter installed if you do not already have one.

E.ON has an excellent Trustpilot rating of 4.4 stars out of 5.

Pros & Cons
  • Price fixed for 12 months
  • Requires a smart meter
  • Cheaper deals available elsewhere

So Energy So Sunflower 1yr Fixed

So Energy So Sunflower 1yr Fixed
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,677.07

£139.76 per month

Exit fee

£50

per fuel

Trustpilot score

4 stars

(Over 17k reviews)

So Energy So Sunflower 1yr Fixed
Get A Quote

Via Uswitch's Website

Annual price

£1,677.07

£139.76 per month

Exit fee

£50

per fuel

Trustpilot score

4 stars

(Over 17k reviews)

Why We Picked It

So Energy offers a competitive 12-month fixed rate tariff with energy from renewable sources.

Currently So Energy provides green electricity to customers on fixed term deals from the following renewable sources: 43% wind 26% solar, 20% hydro and 8% biomass.

So Energy applies a £50 exit fee per fuel should you decide to leave the deal early once the 14-day cooling off period ends.

The supplier has a worthy Trustpilot score of 4 stars.

Pros & Cons
  • Competitive fixed rate tariff
  • Offers green electricity
  • Expensive exit fee
  • Does not offer ‘green gas’

OVO Energy 1 Year Fixed + Greener Electricity 10 October 2024

OVO Energy 1 Year Fixed + Greener Electricity 10 October 2024
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,688.03

£140.67 per month

Exit fee

£50

per fuel

Trustpilot score

4.5 stars

(Over 184k reviews)

OVO Energy 1 Year Fixed + Greener Electricity 10 October 2024
Get A Quote

Via Uswitch's Website

Annual price

£1,688.03

£140.67 per month

Exit fee

£50

per fuel

Trustpilot score

4.5 stars

(Over 184k reviews)

Why We Picked It

OVO Energy 1 Year Fixed + Greener Electricity (available through uSwitch) offers a competitive fixed rate green energy deal.

OVO Energy has an excellent Trustpilot score of 4.5 stars.

Pros & Cons
  • Price fixed for 12 months
  • Green electricity
  • Requires a smart meter
  • No green gas

100Green Exclusive Spring 100% Green 12M November25 v2

100Green Exclusive Spring 100% Green 12M November25 v2
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Monthly price

£1,780.84

£148.40 per month

Exit fee

none

Trustpilot score

4.1 stars

(Over 1k reviews)

100Green Exclusive Spring 100% Green 12M November25 v2
Get A Quote

Via Uswitch's Website

Monthly price

£1,780.84

£148.40 per month

Exit fee

none

Trustpilot score

4.1 stars

(Over 1k reviews)

Why We Picked It

100Green Exclusive Spring 100% Green (available through uSwitch) is fixed until 31 October 2025.

Currently, 100Green provides green electricity to customers through solar, wind, biomass, and hydro power generation.

100Green has a great Trustpilot score of 4.1 stars

Pros & Cons
  • Green energy
  • No exit fees
  • Cheaper deals elsewhere

15-month fixed rate deals

British Gas Fixed Tariff 12M v5

British Gas Fixed Tariff 12M v5
5.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,599.40

£133.28 per month

Exit fee

£50

per fuel

Trustpilot score

4.2 stars

(Over 246k reviews)

British Gas Fixed Tariff 12M v5
Get A Quote

Via Uswitch's Website

Annual price

£1,599.40

£133.28 per month

Exit fee

£50

per fuel

Trustpilot score

4.2 stars

(Over 246k reviews)

Why We Picked It

British Gas offers a competitive 15-month fixed-rate energy deal.

This supplier charges a £50 exit fee per fuel if you decide to leave before the 12 month contract is up, once the 14-day cooling off period ends.

British Gas has a great Trustpilot rating of 4.2 stars out of 5.

Pros & Cons
  • Competitive fixed rate tariff
  • Exit fees

18-month fixed rate deals

E.ON Next

E.ON Next Next Fixed 18m v2

E.ON Next Next Fixed 18m v2
5.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,578.02

£131.50 per month

Exit fees

£50

per fuel

Trustpilot score

4.4

(Over 119k reviews)

E.ON Next Next Fixed 18m v2
Get A Quote

Via Uswitch's Website

Annual price

£1,578.02

£131.50 per month

Exit fees

£50

per fuel

Trustpilot score

4.4

(Over 119k reviews)

Why We Picked It

E.ON offers a 18-month fixed-rate energy deal.  A £50 exit fee per fuel applies if you decide to leave before the 18-month contract is up, once the 14-day cooling off period ends.

Signing up to this tariff means you agree to have a smart meter installed if you do not already have one.

E.ON has an excellent Trustpilot rating of 4.4 stars out of 5.

Pros & Cons
  • Fixed for 18 months
  • Requires a smart meter

2-year+ fixed rate deals

E.ON Next Fixed 24m v20

E.ON Next Fixed 24m v20
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual Price

£1,624.43

£133.86 per month

Exit fee

£100

per fuel

Trustpilot score

4.4

(Over 115k reviews)

E.ON Next Fixed 24m v20
Get A Quote

Via Uswitch's Website

Annual Price

£1,624.43

£133.86 per month

Exit fee

£100

per fuel

Trustpilot score

4.4

(Over 115k reviews)

Why We Picked It

This deal offers a fixed rate tariff for 24 months.  E.ON charges a £100 exit fee per fuel if you decide to leave before the 24-month contract is up, once the 14-day cooling off period ends.

Signing up to this tariff means you agree to have a smart meter installed if you do not already have one.

E.ON has an excellent Trustpilot rating of 4.4 stars out of 5.

Pros & Cons
  • Price fixed for 24 months
  • Requires a smart meter
  • Exit fees

OVO Energy 2 Year Fixed 17 October 2024

OVO Energy 2 Year Fixed 17 October 2024
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,658.09

£138.17 per month

Exit fee

£95

per fuel

Trustpilot score

4.5 stars

(Over 184k reviews)

OVO Energy 2 Year Fixed 17 October 2024
Get A Quote

Via Uswitch's Website

Annual price

£1,658.09

£138.17 per month

Exit fee

£95

per fuel

Trustpilot score

4.5 stars

(Over 184k reviews)

Why We Picked It

The OVO Energy 2 Year Fixed tariff (available through uSwitch) offers a competitive fixed rate deal.

OVO Energy has an excellent Trustpilot score of 4.5 stars.

Pros & Cons
  • Price fixed for 24 months
  • Expensive exit fee
  • Requires a smart meter

EDF

EDF Energy Essentials Fixed 2Yr Nov26

EDF Energy Essentials Fixed 2Yr Nov26
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,659.77

£138.31 per month

Exit fee

£125

per fuel

Trustpilot score

4.6 stars

(Over 99k reviews)

EDF Energy Essentials Fixed 2Yr Nov26
Get A Quote

Via Uswitch's Website

Annual price

£1,659.77

£138.31 per month

Exit fee

£125

per fuel

Trustpilot score

4.6 stars

(Over 99k reviews)

Why We Picked It

The EDF Energy EDF Essentials Fixed 2Yr Nov26 deal (available through uSwitch) offers a competitive fixed deal until 30 November 2026.

EDF has an excellent Trustpilot score of 4.6 stars.

Pros & Cons
  • Price fixed for 24 months
  • Requires a smart meter
  • Expensive exit fee

100Green Exclusive Spring 100% Green 24M October 26

100Green Exclusive Spring 100% Green 24M October 26
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Monthly price

£1,780.84

£148.40 per month

Exit fee

none

Trustpilot score

4.1 stars

(Over 1k reviews)

100Green Exclusive Spring 100% Green 24M October 26
Get A Quote

Via Uswitch's Website

Monthly price

£1,780.84

£148.40 per month

Exit fee

none

Trustpilot score

4.1 stars

(Over 1k reviews)

Why We Picked It

100Green Exclusive Spring 100% Green (available through uSwitch) is fixed until 31 October 2026.

Currently, 100Green provides green electricity to customers through solar, wind, biomass, and hydro power generation.

100Green has a great Trustpilot score of 4.1 stars

Pros & Cons
  • Green energy
  • No exit fees
  • Cheaper deals elsewhere

British Gas The Longer Fix v14

British Gas The Longer Fix v14
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,606.37

£133.86 per month

Exit fee

£100

per fuel

Trustpilot score

4.2 stars

(Over 240k reviews)

British Gas The Longer Fix v14
Get A Quote

Via Uswitch's Website

Annual price

£1,606.37

£133.86 per month

Exit fee

£100

per fuel

Trustpilot score

4.2 stars

(Over 240k reviews)

Why We Picked It

British Gas offers a competitive 27-month fixed-rate energy deal.

This supplier charges a £100 exit fee per fuel if you decide to leave before the 27-month contract is up, once the 14-day cooling off period ends.

British Gas has a great Trustpilot rating of 4.2 stars out of 5.

Pros & Cons
  • Competitive fixed rate tariff
  • Exit fees

Variable and tracker deals

EDF Energy EDF Ensure Tracker Nov25

EDF Energy EDF Ensure Tracker Nov25
5.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,639.06

£136.59 per month

Exit fee

£25

per fuel

Trustpilot score

4.6 stars

(Over 99k reviews)

EDF Energy EDF Ensure Tracker Nov25
Get A Quote

Via Uswitch's Website

Annual price

£1,639.06

£136.59 per month

Exit fee

£25

per fuel

Trustpilot score

4.6 stars

(Over 99k reviews)

Why We Picked It

The EDF Energy Ensure Nov25 tariff (available through uSwitch) offers a competitive variable rate tracker deal until 30 November 2025.

The cost of this tariff changes every three months in line with Ofgem’s energy price cap.

EDF has an excellent Trustpilot score of 4.6 stars.

Pros & Cons
  • Competitive tariff
  • £50 standing charges discount applied over 12 months
  • Costs could rise

Utility Warehouse Value

Utility Warehouse Value
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,688.38

£140.70 per month

Exit fee

None

Trustpilot score

4.3 stars

(Over 52k reviews)

Utility Warehouse Value
Get A Quote

Via Uswitch's Website

Annual price

£1,688.38

£140.70 per month

Exit fee

None

Trustpilot score

4.3 stars

(Over 52k reviews)

Why We Picked It

Utility Warehouse offers a competitive standard variable tariff without exit fees, giving customers flexibility.

However, unlike some of the provider’s other tariffs, this deal does not include home and boiler cover in the price.

Utility Warehouse has an excellent Trustpilot score of 4.3 stars.

Pros & Cons
  • Competitive variable rate tariff
  • No exit fees
  • Only available to homeowners
  • Costs could rise

E.ON Next Next Flex

E.ON Next Next Flex
4.5
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Annual price

£1,689.40

£140.78 per fuel

Exit fees

none

Trustpilot score

4.4

(Over 115k reviews)

E.ON Next Next Flex
Get A Quote

Via Uswitch's Website

Annual price

£1,689.40

£140.78 per fuel

Exit fees

none

Trustpilot score

4.4

(Over 115k reviews)

Why We Picked It

E.ON offers a standard variable tariff, which doesn’t charge exit fees.

Customers signing up for this deal must agree to have a smart meter installed if they do not already have one.

E.ON has an excellent Trustpilot rating of 4.4 stars out of 5.

Pros & Cons
  • No exit fees
  • Requires a smart meter
  • Costs could rise

Methodology

Using our online comparison tool, powered by our energy price comparison partner, uSwitch, we ran quotes (October 2024), to review dual tariff energy deals.

Our research is based on a typical 2-3 bedroom property with an annual electricity usage of 2,700 kWh and an annual gas usage of 11,500 kWh.

We have assumed this household pays for energy monthly via direct debit.

We then ranked each energy deal based on the following factors:

  • price: how much the tariff costs
  • green energy: whether this tariff offers energy from renewable sources, and in what proportion and mix
  • customer service: how customers rate their experience with the provider based on the most recent reviews collected by Citizens Advice
  • exit fees: how much it costs to leave a fixed deal before the term ends once the 14-day cooling-off period ends.

We awarded each policy a Forbes Advisor star rating out of five.


How to choose an energy provider

While price is often the primary drive for switching, it also presents the opportunity to ensure that your new tariff meets all of your needs. Here are some other potential motivators:

Customer service

It may be worth weighing up price against the service you get for your money. For example, it could be worth paying £10 more a year for a supplier that has short waiting times on the phone, responds quickly to emails, and has a good complaints record.

Payment method

Think about your preferred payment method too. In some cases, you can pay by cheque or even cash, but most providers encourage payments direct from your bank account. Some offer a discount – typically 5% – if you pay monthly and manage your account online.

Green considerations

As the UK aims for net zero carbon emissions by 2050, many energy companies are building their green energy offering. This is where certain smaller challenger brands come into their own, offering only green renewable electricity or even a vegan energy offering, where animals are not used in energy production.

Exit fees

If you’re contemplating a fixed-rate, fixed-term tariff, look out for a charge for leaving the deal before the end of your contracted term. This is known as the exit fee, and is only worth paying if you have found a much cheaper deal to switch to.


How to switch energy providers

Before switching energy suppliers, you’ll need to compare tariffs to find the right deal for you – energy price comparison websites (we work in partnership with uSwitch) are a great place to start as they allow you to compare different options once you’ve entered a few basic details. 

It helps to have the following details ready so that you can get accurate quote prices for the energy deals available:

  • your address
  • your current supplier
  • your current tariff
  • how much energy you use
  • how much you pay for energy.

You can find your supplier, tariff and price information on a recent bill or by logging into your online account. However, If you don’t have some of the details to hand, you can choose an estimate from the price comparison website, but bear in mind that this is just a guide and may not accurately reflect how much your energy bill will be. 

Once your quotes are available, you can compare providers based on key factors such as price. It also helps to look at their customer service ratings. If you find a better value deal than the one you’re currently on, it could be worth switching to help you save. All you’ll need to do is complete the switch application with the new provider online or over the phone. It will help to have your current gas and electricity meter readings on hand when you sign up. 

Your new provider will contact you with a switching date and it can take up to five working days to complete the switch. However, you can choose for your switch to take place at a later date. There’s a 14-day cooling off period when you move to a new energy provider. That means that you can cancel the tariff without incurring exit fees during those two weeks. 


How does the process of switching energy suppliers work?

Energy suppliers are responsible for the process of moving you from one provider to another once your switch application is complete. Your new supplier will inform you about your switch date.

It may take up to five working days to complete the switch, however you can choose for it to take place at a later date. You’ll also need to provide your old energy supplier with gas and or electricity meter readings on the date of your switch so it can calculate your final bill. 


Which energy supplier is right for me?

There are a number of factors to consider when deciding if a supplier is right for you.

The price of the tariff is important, as is the quality of customer support to ensure you get the level of service you need. For example, if you prefer speaking with customer service over the phone, you may wish to choose a provider that offers a telephone support service rather than one that’s purely online or app-based.

It’s also worth looking into customer reviews of different providers to give you more insight into the level of service you can expect. 


Frequently Asked Questions

What is the best type of energy deal?

Factors such as where you live, the size of your household, and when and how you use your gas and electricity mean that the best energy deal for one person won’t necessarily suit another.

By running an energy quote through our comparison service, you can find deals that rank highly according to your preferences, whether that be the cheapest offers or deals with the best rates for green energy, for example.

What types of tariffs are there?

There are two main types of tariff:

Fixed. The amount you pay for each unit of energy you use will remain the same over a specified term, such as 12 or 24 months. This is typically the cheaper option.

Default/standard variable rate. The cost of each unit of electricity or gas you use will fluctuate, with the potential to fall but also to rise during your contracted term.

What is a dual fuel tariff?

A dual fuel tariff means you pay for both your gas and electricity under one contract, with one provider. You can usually earn a discount with this sort of deal.

When is the best time to switch energy providers?

You can apply to switch whenever you wish.

In addition to wanting a better deal, you may be moving house and need a tariff to suit your new living situation. You may also want to consider switching if you are coming to the end of your term on your existing tariff.

Bear in mind that many fixed rate tariffs charge an exit fee, typically of £30 per fuel – so £60 if you have gas and electricity with the same supplier.

If you can save more than the fee by switching, all well and good, but otherwise it might be as well to wait until the end of your deal – exit fees won’t be charged if you are within 42 days of the end of your tariff.

Will I save money by switching?

The vast majority of households are now on standard or  ‘default’ tariffs, the price of which is linked to the energy price cap.

Whether switching to a fixed rate tariff is cheaper will depend how the price cap moves during the course of the term of any new tariff. With the price cap rising by 10% from 1 October 2024, the deals outlined above are all worthy of consideration.

If you’re already on a fixed rate tariff, you should shop around when it comes to an end to find another competitive offer.

How long does it take to switch?

Energy regulator Ofgem stipulates that it should take no longer than five days to complete a switch, and this does not affect the 14-day cooling-off period in which you can change your mind without charge.

You should be given a clear timetable by your new provider about when the switch will take place. There’ll be no disruption to your supply.

Choosing a new provider should only take a matter of minutes using an energy comparison service.

What is the energy price cap?

The energy price cap is set by industry regulator Ofgem. It marks the maximum amount a provider can charge a customer for each unit of energy they consume, and for the associated standing charges.

It applies these figures to the annual average consumption levels for gas and electricity on a default standard variable rate tariff. The cap does not limit the size of bills, only the price of units consumed. In other words, the more you use, the more you’ll pay.

Those paying quarterly in arrears by cheque or cash on receipt of their bill pay more because of the administration costs involved. Paying by direct debit is usually around 5% cheaper.

The energy price cap is updated quarterly, based on wholesale energy prices. From 1 October 2024, the cap is set at £1,717 for average households paying by direct debit for a dual fuel tariff.

Bear in mind that where you live and the type of meter you have can also affect how much your energy bill is likely to be.

What is a standing charge?

A standing charge is a fixed monthly or daily amount that covers the costs of supplying electricity and gas to a household, including maintenance. This means the charge is payable even if you were to use no energy.

Standing charges are added to usage costs to give you your total bill. Your bill should itemise the standing charge.

What is the best way to pay my bills?

Providers tend to charge less if you pay monthly by direct debit. Paying quarterly by cheque or cash will usually be more expensive. Another option is to use a pre-payment meter, where you pay in advance by topping-up a card, key or app.

What is green energy?

Green energy, such as that derived from solar, wind, hydro and wave power, is friendlier to the environment, taking extremely low levels of carbon emissions to produce compared to its fossil fuel equivalents. As the UK heads towards its national target of net zero carbon emissions by 2050, many companies have started offering green tariffs particularly for their electricity supplies.

If you choose this type of tariff, you will still be supplied energy from the national grid in the same way as someone on a non- green tariff meaning the energy you use in your home won’t be 100% green. However, your energy company will match some or all of the energy you use with renewable energy that it will feed into the National Grid, increasing the percentage of green energy in overall supply .

Companies are legally obliged to publish on your bill or on their website how much of your energy is from renewable sources and from other sources – this is referred to as the ‘fuel mix’.

Some companies also invest in green energy projects such as tree planting or carbon offsetting.

What happens if my energy company goes out of business?

Thanks to a ‘safety net’ operated by the regulator, Ofgem, your supply of gas and electricity will not be cut off and you will automatically be transferred to another provider. It is likely that the new provider will put you on a relatively expensive default tariff so you should consider running an energy comparison once the transfer is complete, to see if there is a cheaper deal available.


Energy Jargon Buster

Standard variable rate/default tariff

You are likely to be on a standard variable rate, or ‘default’ tariff, if you have never switched energy provider or haven’t done so for a couple of years. These tariffs are typically the most expensive on the market. Energy providers typically roll customers onto this type of tariff once they come to the end of their deal term, which is why it is important to remember to switch again.

Fixed tariff

Unlike a default/variable tariff, a fixed tariff guarantees that you will pay a set amount for a unit of energy throughout a specified term – usually 12 or 24 months. It is often the cheaper option, and you know there will be no price rise during the term.

Economy 7/10

Some providers offer Economy 7 and Economy 10 tariffs which charge a different price for a unit of energy in the day than at night. The number following Economy refers to the number of hours you will be charged lower night-time rates.

You’ll need storage heaters to make the best use of such a tariff. You’ll also have a special meter.

Cooling-off period

During the cooling-off period, which is the first 14 days of your contract, you are allowed to opt out of the deal if you change your mind, at no cost. You’ll simply continue with your existing provider and tariff.

Annual statement

A document provided by the provider to a customer detailing their tariff, consumption over the past 12 months, and an estimate of the next year’s energy costs.

Automatic contract rollover

Under the terms of most energy contracts, once you have reached the end of the specified term for a fixed term tariff, your provider can extend it automatically or roll you on to another fixed contract unless you switch to a different deal.

kWh/ mWh

kWh stands for kilowatt-hour, the unit of measure used by energy providers to calculate your gas and electricity consumption. A 1000 kWh is a megawatt-hour (mWh).

Energy Ombudsman Service

Customers can escalate complaints which they feel have not been adequately resolved by their provider to the ombudsman, which deals specifically with energy suppliers and energy network operators.

Standing charge

A daily or monthly fee that you pay your provider to supply your energy, including maintenance costs.

Exit fees

If you have a fixed rate, fixed term tariff and you decide to switch to another deal before the end of the term, you may be charged an exit fee by your provider – this could be £30 per fuel (gas and electricity) or more. But exit fees cannot be charged if you are within 42 days of your tariff’s scheduled end date.

Vulnerability Commitment

If a supplier is a member of the Vulnerability Commitment it must promise to provide enhanced support to those who are fighting illness or are in financial difficulty.


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