Cheapest electricity supplier

lunarmoon2030
lunarmoon2030 Posts: 19 Forumite
Third Anniversary 10 Posts
edited 1 July 2022 at 9:08AM in Energy
Hello
Who is taking on new customers and which is the cheapest one please? Would help if the tarriff, rates and standard charge could be also quoted; along with links please. 
 Thanks in advance 
Lunarmoon

Comments

  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Who are you currently with?

    Very few if any are taking on new customers and when they do it's just on the standard variable/deemed rate protected by the price cap.

    Some are having mixed outcomes switching to Octopus and once that is done they currently have a couple of tariffs that would save money over the price cap. Namely Agile for electricity and Tracker v3 for gas.
  • pochase
    pochase Posts: 3,449 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Only EDF and potentially Octopus (with a bit of luck as described by @Mstty above) are accepting new customers on SVT.

    SVT rates are more or less the same for all suppliers, there is no cheapest supplier.

    EFT might offer you one of their "good" fixed tariffs once you are a customer, but that not guaranteed, and the deals are getting worse. A good deal was only 30 to 35% more than the current SVT anyway.

    Octopus Agile and tracker are looking good at maximum 25% more than current SVT for electricity and maximum 50% more than current SVT for gas. The price changes daily and is based on wholesale price. 

  • QrizB
    QrizB Posts: 16,454 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    Who is taking on new customers and which is the cheapest one please? Would help if the tarriff, rates and standard charge could be also quoted; along with links please.
    Changing supplier is unlikely to save you any money in the short term.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Thanks all, with Scottish power.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.7K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.7K Work, Benefits & Business
  • 619.4K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.