The ‘big six’ energy companies have failed to be in the top five best buy deals for the last six months, figures show. New MoneySuperMarket data shows smaller, alternative companies are offering cheaper deals for customers.
The six companies have been under scrutiny in recent months with an investigation announced into competition within the energy market by the Competition and Markets Authority. Complaints to the big six have also been rising with figures from June reaching 1.7 million, causing many to move to smaller companies such as renewable suppliers Good Energy and Ecotricity.
Now British Gas, E.ON, EDF Energy, Npower, SSE and Scottish Power are also losing the price war.
Figures show the big six have been absent from best buy tables since February 14 and customers could save up to £275 on their energy bill if they switch.
The cheapest tariff is currently from Co-op Energy, with First Utility and Extra Energy not far behind.
Kevin Pratt, energy expert at MoneySuperMarket, said, “The big six haven’t shown much love for new energy customers since Valentine’s Day, with the smaller providers championing lower energy prices for UK households.
“They regularly reduce the cost of their market-leading deals and are fighting it out for top spot in the best buy tables, wooing new customers with cheaper energy bills.”
Experts at MoneySuperMarket are encouraging people to switch in time for winter, but have warned to search for the best deals and watch out for exit fees.
“As the summer month’s draw to a close, cutting the cost of energy bills might be starting to creep into people’s minds. It still takes between six and eight weeks to switch supply so if you want to be tucked up with a new energy company this winter with lower bills you need to act sooner rather than later,” added Pratt.
The current top ten best buy table only includes two companies from the big six – EDF and Scottish Power. Mark Sait from SaveMoneyCutCarbon.com recently noted how high energy prices are embedded in the market and this only emphasises the need to increase energy efficiency.
Photo: Attilio Lombardo via Free Images
Take our 2014 reader survey and you could win an iPad, Kindle or donation to a charity of your choice.
Like our Facebook Page
Strange Ways the Sporting World Impacts the Environment
The Future of Cryptocurrency is Eco-Friendlier than the Present
Why Bill Gates Is Wrong on the Climate Impact of Bitcoin
Everything You Need to Know to Create an Eco-Friendly Nursery
4 Environmental Benefits of Using A Buckwheat Pillow
Eco-Friendly Ways to Dispose of The Office Furniture!
7 Huge Advantages of Using Solar Power at Home
5 Important Changes to Become An Eco-Friendly Nicotine User
4 Great Ways to be a Committed Eco-Tourist While Flying
7 Basic Types of Forex Charts Ethical Investors Must Understand
How to Make Your Ecommerce Business More Eco-Friendly?
How Can Social Media Help In Promoting Sustainable Lifestyle?
Luxury Development for The Ultra-Rich Causing Climate Change Conundrum in Barbuda
How Does Bitcoin Mining Work and is it Eco-Friendly?
Is Gen Z Ahead of Millennials in Terms of Eco-Investing?
Four Reasons Why Buying Used Cars Is the Way to Go Green
There is no Planet B: The Growing Importance of ESG
Wonderful Environmental Monitoring Tips to Keep Indoor Air Clean
The Tremendous Benefits of Investing in Energy-Efficient Windows
4 Morning Productivity Tips for Green Entrepreneurs that Are Night Owls
- Features10 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features7 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Features8 months ago
5 Simple Ways To Create A Greener And Healthier Home
- Environment11 months ago
The Benefits Of Sustainable Agriculture For Farmers