Welcome to Our Energy Switching Platform
At energyscanner, we're dedicated to helping you navigate the complex world of energy prices and make the best energy choices for your household or business. Our aim is to empower you with valuable insights so you can save money while enjoying reliable energy services. Here's what you need to know.
- The Latest Energy Price Cap Update
The energy price cap was cut by £1,206 (37%) on 1 July 2023, to £2,074. Household energy bills however fell by much less - only by £426 (17%). This is because consumers were paying Energy Price Guarantee rates (£2,500) rates before the cut. This price drop nevertheless marks the first cut to domestic energy bills in nearly three years, and has injected an annual £12 billion into household budgets, equivalent to 1.3% of disposable income.
- Looking Ahead: Where next for energy bills?
Curious about the next energy price cap adjustment? The next energy price cap should fall further, to below £2,000, but don’t expect much more after that. The energy price cap has largely caught up with the big falls in wholesale energy markets. Unfortunately, absent competition, we need to get used to energy bills around current price levels.
- The Current Energy Market Landscape: Understanding Your Options
Currently, price competition within the energy market remains subdued. Most energy suppliers are now accepting new customers onto their standard tariffs, but there is nothing to choose between them. The price of standard tariffs are virtually identical across all major energy suppliers (0.5% difference).
- Should I go for a fixed energy tariff?: Weighing up the Pros and Cons
Although some energy suppliers now offer 1-year fixed price deals, we've assessed these options and have yet to see any that are worth taking. Most are more expensive than standard tariffs and all have chunky exit penalties. Remember, locking into a fixed deal at a premium price when the energy price cap is FALLING, is not a great idea.
What's Coming Up? Stay Tuned for Better Deals
There’s some light at the end of the tunnel. While we're not yet seeing ANY meaningful energy price competition, it is coming. Stay tuned and we will let you know when things kick off and there are energy tariffs worth switching to.
In the meantime, here's a handy summary of the current state of the energy market in 3 simple charts..
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Guides and Advice
Energy Price Guarantee
What is the energy price guarantee? How does it work? Who will get it and when? How does it affect you? Complete independent guide by energyscanner.com
Which energy suppliers have gone bust?
Want to know which UK energy suppliers have gone bust? Here’s the complete list. Who, when and which energy supplier took over the customer base. Updated regularly.
Which energy company supplies my energy?
Want to find out which energy company supplies your energy? Our handy guide tells you how to find out quickly and easily.
Bulb Energy Review
Bulb Energy review, including supplier description, service rating, fuel mix, tariffs, financials and energy price comparison
UK fuel mix disclosure. See what energy sources are used to generate electricity in the UK and what impact this has on carbon emissions and radioactive waste. Information exclusively available on energyscanner.com.
What’s the difference between clean, green, renewable and alternative energy? Our guide cuts through the hype to offer concise and understandable explanations and examples.
What are the renewable energy fuels and technologies used in the UK? A comprehensive review by renewable energy search site energyscanner.com.
This handy guide tells you everything you ever wanted to know about the Energy Price Cap. What it is? How it works? How it affects you and why you should still consider switching even if you’re covered by it.
We work with a range of vetted energy suppliers to help you make savings on your energy bills.
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