Opting for dual fuel means receiving one bill from one supplier and making a single payment each month or quarter if you opt for quarterly billing.
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Having separate suppliers for gas and electricity doubles the amount of admin you need to do. If you pay for energy on receipt of a paper bill, you will have to keep an eye out for two separate bills from separate companies at, possibly, different times. They are currently being rolled out across the UK and the Government is keen on having the devices installed in as many homes as possible.
If you look closely at all the possible energy providers, you may find the cheapest option is to get your gas from one supplier and your electricity from another. The winning combination depends on where you live, how much energy you use, and the products available at the time you switch. Say, for example, you saw a super-cheap gas-only tariff: you could switch gas suppliers while remaining on the same electricity contract.
Opting for single-fuel deals may help you manage your consumption better. The vast majority of energy suppliers offer a dual fuel deal. The easiest way to find a money-saving dual fuel deal is to search an energy switching comparison site which will list all available suppliers and their tariffs in your area. Household energy deals change all the time with new tariffs being launched each week.
It may be the case that a dual fuel product is a best buy one day, but beaten on price by separate contracts the next. You can also reduce costs by opting for paperless bills, online account management, payment by monthly direct debit and, of course, using less energy. Dual fuel tariffs are popular with customers for several other reasons. Taking both gas and electricity from the same company can be more convenient and reduce the amount of household admin you need to do.
Households with smart meters will have just one meter installed, not two separate ones. Finally, if you run into any problems with your account, billing or supply, or move home, a dual fuel tariff means you only need to contact one company, not two.
See also Energy guides Energy reviews Guides Is duel fuel cheaper? Fixed or variable tariff? Do I need a smart meter? How to switch energy suppliers Are energy comparison sites good? Energy provider reviews Why do we need your postcode?
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Once you enter your postcode, Cable. This ensures you receive accurate information on the availability of providers and packages in your area. Your information is safe with us. We won't share your postcode with anyone.
And you might be surprised by how simple the switching process can actually be. Those on the hunt for a better deal have heaps of choice whether it is a long-term fix, variable rate or tariff from a smaller or green supplier you are looking for. Although the savings from switching are not quite as big as they were a few years ago switching should remain a key part of your personal finance maintenance.
If you want to cut straight to comparison, you can compare energy tariffs, with the choice of entering your own energy use, using our energy price comparison tool. Things to remember. Your bill will show two costs - a fixed standing rate charge and the price per unit or Kwh of energy used. Online plans paid by direct debit are still the most competitively priced and if you have never switched, choosing one of these will save you the most money. You can either opt for a variable rate tariff, where the price can go up or down or a fixed rate tariff which gives you a secure price on each unit of electricity you use for a set period.
Even if you have to pay to get one, it's probably worth it for the savings you'll gain. But don't just assume this will be the cheapest option - make sure you still do your homework. Check any extra payments are refunded at the end of the year. If you are thinking of switching it could be worth considering a fixed tariff to help shield you from price hikes - including the new higher Ofgem cap that came into play in April This cap will be reviewed every April and October. Tariffs of this type will fix the rate you pay for each unit of electricity used for a period, typically 12 to 18 months.
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The government initially introduced the price cap to encourage people to switch from SVT's with Ofgem suggesting fixed tariffs are likely to be better value. However, you could pay slightly more than the cheapest deals to buy long-term security - and be careful as some do come with exit fees if you do want to leave early.
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Remember: This doesn't mean you will simply pay a fixed amount. Your bill will still depend on the amount of energy used - you just pay a certain amount per unit. Price comparison services, like the one here at This is Money, allow you to specify which type of tariff you want.
The table below lays out the top tariffs. Bill sizes are based on the average medium user - remember the cheapest tariffs can be variable rates, leaving you open to price increases. Suppliers tend to charge more for electricity to those customers who live in their 'home' region - the areas where they enjoyed a monopoly before energy deregulation.
We Make it easy to Switch Your Energy Suppliers
So switching away will almost always save you money. Prices are different all over the country and the cheapest supplier for you will depend where you live. You only need to be interested in the tariff that is going to be cheapest where you live, so do your own comparison to find the best price. However, although some tariffs incur cancellation penalties if you leave before the term expires, it may still make sense to switch now and accept the penalty as it is likely to be small and your potential savings are big.
The simplest and often best way to switch energy bills is to use an online service, which can compare the tariffs on offer for you. One way of doing that to find the cheapest energy supplier for you is by using This is Money's fuel bills switching service, powered by Energy Helpline.
We have chosen Energy Helpline as our partner because they are a long-standing, well respected firm with evidence to show that they can get our readers the best deal. The service shows you the tariffs available and how much you could save by switching to each one, it allows you to choose what suits you and can rank suppliers by customer service and price. Switching is quick and easy and can be done online. All you need to do is put your postcode into the box to the right and follow the simple steps.
The service is free to use and in a few minutes can tell you whether you can save hundreds of pounds. There's no need to fill out any paperwork or sign a new contract - it does the hard work for you. While switching is the main way to cut your energy costs, there are other things you can do to cut your costs quickly. Here we've listed five of the easiest ways to cut your energy bills.
If you're in credit to your supplier you can ask for the money back. Households paying via direct debit pay a set amount each month for their gas and electricity. But for some months of the year — usually when it's warmer so during summer and spring — your energy account will be in credit.
This is your money and it is possible, if you want the cash and the interest, to contact your supplier and ask for this to be transferred to you.
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Cut your energy usage. It sounds simple enough but if you change the way you're using your gas and electricity, and if you're able to reduce your usage, your bills will go down. Small changes can make quite a big difference.