Home Energy Prices

OK, let's face it. Utility bills are pretty boring but the money you save switching today can be spent on a night out with the family or a short break.

Isn't that more exciting?

Our home gas, electricity and telephone calculators are Consumer Focus and Ofcom accredited. That means you'll see all suppliers and tariffs displayed impartially live on your screen. It's free quick and easy to switch; you don't even need a bill to hand. Just answer a few simple questions to find out much you'll save and you can switch in minutes. You may even find a better deal from your current supplier without switching too. Whatever your choice you can relax safe in the knowledge that you've found a great deal for your home and family every time.

The recent chaos in the UK energy market has really underlined why it pays to shop around for the best deal, even if that might mean giving your business to one of the ‘big six’ energy brands. Electricity prices have rocketed from 17p to over 25p a unit in the last few months of 2021. Smaller suppliers are going bust as a result and that is impacting homes and businesses in the UK. Let’s consider why and where the market is at the moment.

Why are prices so high at the moment?

The main issue is the UK's gas reserves are too low and we can't get a stable line of supply to remedy the situation. There are 3-4 main factors effecting supply stability at the moment but all of them come at a massive cost. Gas is still used for a lot of electricity generation in the UK and our wind farms are under performing, based on recent relatively calm conditions, and are not meeting demand.

What this means is prices are not going to be coming down any time soon and the issue we all face now is colder autumn and winter months will put a greater strain on supply and drive prices even higher.

If you are in a fixed term contract you do not need to do anything at the moment but if you are out of contract within 3-6 months of your fixed term agreement ending you will need to act now and protect your home and business from further price rises.

Who’s gone bust?

The energy price cap rose by £139 for people on default tariffs and £153 for people on pre-payment meters on October 1.

As of late November 2021 more than 3 million people have been affected by energy supplier failures.

Here’s some of the companies that have gone bust so far:

• People's Energy (now taken over by British Gas)

• Utility Point (now taken over by EDF)

• MoneyPlus Energy (now taken over by British Gas)

• PFP Energy (now taken over by British Gas)

• Avro Energy (now taken over by Octopus Energy)

• Green (now taken over by Shell)

• Enstroga

• Symbio Energy

• Igloo Energy

• Pure Planet

• Colorado Energy

• GoTo Energy

• Daligas

• Bulb Energy