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Cheapest energy

Do you know which is the cheapest way of heating, gas or electricity? I used to think it was gas but after hearing on the news that gas prices are due to go up 50% this year I'm not sure. Is there a website which compares different types of heating. The ones I've seen just compare suppliers of a particular kind of energy.

Comments

  • Cardew
    Cardew Posts: 29,064 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler
    There are lots of websites that give comparisons, many though are simply not kept up to date.

    http://www.nottenergy.com/energy-costs-comparison3

    Another big factor is the efficiency of your boiler if you have gas, oil, lpg.

    The efficiency of a boiler can vary from 50% to 95% so this can almost double the cost of heating.

    In general terms mains gas is still the cheapest unless you want to invest a huge amount for a Ground Source Heat Pump(GSHP) whilst Electricity(on a daytime tariff) is still the most expensive.

    Storage Heating on an Economy 7 tariff is another option that is viable - particularly for a smaller home with, a couple who are out all day - if you take into account that it does not require an annual service.
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