Compare Electricity Prices

Last Updated: 15th December 2024

Are you tired of paying high electricity bills each month? It's time to take control and compare electricity prices to find a better deal. In this guide, we'll walk you through the steps to compare different energy providers, tariffs, and how to switch to a more cost-effective option. By the end of this guide, you'll have all the information you need to start saving on your energy bill. Let's get started!

Why compare electricity prices?

Electricity bills can be a significant expense for households and businesses alike. However, many people simply accept their current tariff without considering whether they could be paying less for their electricity. This is where comparing electricity prices can be extremely valuable.

By comparing electricity prices, you can:

1. Save money: The most obvious benefit of comparing electricity prices is that you can save money on your electricity bills. You could save hundreds of pounds per year by switching to a cheaper tariff.
2. Find a better deal: Even if you're happy with your current supplier, it's always worth checking whether there's a better deal available. A different supplier may offer a cheaper or more flexible tariff that better suits your needs.
3. Support renewable energy: Some electricity suppliers offer renewable energy options, which can be a great way to support the environment and reduce your carbon footprint. By comparing prices, you can find a supplier that offers renewable energy at an affordable price.
4. Improve customer service: If you've had a bad experience with your current electricity supplier, switching to a different supplier could help you access better customer service. By comparing suppliers' reputations for customer service, you can choose a more responsive and helpful supplier.

Overall, comparing electricity prices is a simple and effective way to reduce your electricity bills, support renewable energy, and improve your customer experience. By taking a little time to shop around and compare suppliers, you could enjoy significant savings on your electricity bills without compromising on quality or reliability.

How to compare electricity prices

To compare electricity prices, simply enter your postcode and you'll be taken to our Ofgem-accredited energy comparison tool. All you then need to do is tell us a bit more about your current supplier and energy usage, and we'll instantly compare electricity rates and show you the best electricity deals currently available.

To help you find out your electricity usage, you can use our handy electricity cost calculator to find out how many kWh your appliances are using.

You then choose the deal that suits you best, and we take care of the rest - our switching tool will automatically send your application securely to your supplier of choice, who will then let your current supplier know that you want to leave. The whole switch should be completed within 21 days.

Factors to consider

When comparing electricity prices, it's important to consider more than just the cost of the tariff. Here are some other factors to keep in mind:

• Customer service: Good customer service can be invaluable, especially if you ever have an issue with your electricity supply. Look for a supplier that has a reputation for excellent customer service, and consider reading reviews from other customers to see what their experiences have been like.
• Payment options: Some electricity suppliers offer a range of payment options, such as direct debit, prepayment meters, or pay-as-you-go plans. Consider which option is most convenient for you, and look for a supplier that offers the payment method you prefer.
• Exit fees: Some electricity suppliers charge exit fees if you decide to switch to a different supplier before the end of your contract. These fees can be significant, so make sure you're aware of any exit fees before you sign up with a new supplier.
• Renewable energy options: If you're concerned about the environment, you may want to consider an electricity supplier that offers renewable energy options. Look for a supplier that generates electricity from renewable sources such as wind or solar power.
• Fixed or variable tariffs: Electricity tariffs can either be fixed or variable. A fixed tariff means that the unit rate you pay for your electricity won't change for a set period, while a variable tariff means that the unit rate can change in line with market conditions. Consider which option is best for your needs and preferences.

By taking these factors into account, you can find an electricity supplier that not only offers an affordable tariff but also meets your needs in terms of customer service, payment options, and environmental impact. It's important to shop around and compare multiple suppliers to find the best fit for you.

What are the average electricity prices across the UK?

The average cost of electricity per kWh in the UK is 24.50p. Here is the breakdown per region:

Standing Charges and Unit Rates based on Ofgem's Price Cap from 1st October 2024

What is the average electricity standing charge in my region?

The average standing charge for electricity is 60.99p per day across the UK.

Use the table below to compare your daily standing charge for electricity, to the average cost per region:

Standing Charges and Unit Rates based on Ofgem's Price Cap from 1st October 2024

What do I need to switch electricity suppliers?

When comparing electricity prices with The Energy Shop, we only need details about your current address, supplier and energy usage to find the cheapest energy deals on the market.

The more accurate the information you can give us, the more accurately we can quote you, so it helps if you can have a copy of your most recent electricity bill to hand, which will show how much electricity you use each month, or how much you spend. Your bill will also include the details of your current supplier and the name of your tariff.

If you don't know how much energy you use, we can still estimate your households average energy usage based upon the size of the property you live in - simply choose 'Help me estimate' in the 'Your usage' section of the comparison tool.

If you plan to pay your supplier by Direct Debit, you'll also need to have your bank details to hand when switching. If you have recently moved into a new property and are not sure who your current electricity supplier is, then you can find out by reading our 'Who is my electricity supplier' guide.

How can I cut my electricity bills?

Switching to a better deal is the simplest way to cut your electricity bills - switch with TheEnergyShop.com this month and you could save £100's.

It also helps to supplement these savings with energy efficiency measures that can help cut your usage and further cut your bills - this could be something as drastic as installing solar panels to something as simple as turning the lights off in empty rooms.

Other ways to cut your electricity costs include:

• Only ever wash a full load in the washing machine or dishwasher
• Fit energy efficient light bulbs around the home
• Replace old appliances with newer, more energy efficient models
• Don't leave televisions and games consoles on standby
• Keep your fridge and freezer as full as possible so they're working more efficiently.

To see how much you could save on the cost of your annual energy bills, run an electricity price comparison with us today.