Compare Dual Fuel Energy Deals |  See the cheapest providers - Forbes Advisor UK - Forbes

Compare Dual Fuel Energy Deals | See the cheapest providers – Forbes Advisor UK – Forbes

The Dual Fuel Energy Tariff provides you with gas and electricity from the same supplier, with one bill for both. In this guide, we look at everything you need to know about dual fuel tariffs — including how they can help you lower your energy costs.

Dual Fuel Energy Deals give you the ease of having just one bill and one point of contact for gas and electricity, making managing your usage even easier, especially when it comes to sending meter readings or solving a problem.

Importantly, a dual-fuel deal can be cheaper than buying gas and electricity separately on two tariffs, whether with one or two suppliers. This saving is achieved through the dual fuel discount.

What is happening in the UK energy market?

There are currently no power deals priced below standard tariffs, so we have temporarily suspended our conversion service.

Top 10 Fixed Dual Fuel Definitions

What is the dual fuel tariff?

This type of tariff is a combined gas and electricity deal offering a single bill through a single supplier, often with a dual fuel discount applied.

Cheaper dual fuel tariffs tend to be flat rate offerings where the price you pay per unit of electricity and gas is frozen over the tariff period. Your costs will go up and down based on the number of units you use in a given billing period, but the unit price will always stay the same. Fixed rate terms tend to last for 12-24 months.

Flat rate tariffs differ from Standard Variable Rate (SVR) tariffs, sometimes called “default” tariffs, where the cost per unit can be changed by the provider at any time.

On the SVR tariff, your bills can go up even if the use of gas and electricity remains the same. With a fixed rate deal, your bills will remain the same as long as your usage remains the same.

(The default tariffs get their name because that’s where people are automatically moved by their supplier when they reach the end of a fixed-term deal. If you’ve never switched power or haven’t switched for two or three years, you’re likely to be on SVR or default tariff.)

Top 10 Variable Bi-Fuel Tariffs

What is the dual fuel discount?

Energy suppliers offer discounted tariffs that combine gas and electricity in the same package. This discount generally makes the dual fuel tariff more cost-effective than getting gas and electricity separately.

These discounts are designed to attract more customers, and because they require less administrative work for the supplier, they enable them to pass on some of the savings.

You may get an additional discount if you agree to pay by monthly direct debit (again, it’s less administrative to the supplier compared to other methods), and another if you agree to “paperless” billing, where all communications are by email.

One thing to keep an eye on with fixed-rate dual fuel tariffs is that most come with an early exit fee that will be charged if you switch to another supplier before the deal ends.

The exit fee can be as high as £30 per fuel, which means it will cost you £60 to leave a double fuel deal early. This may also invalidate any savings you can effectively make by switching to a cheaper supplier, so carefully evaluate costs and savings.

Exit charges can’t be applied within 42-49 days of the tariff ending date, so this is really the beginning of your window to start shopping for a new energy deal.

How do I get the best deal on a dual fuel energy tariff?

If you’re not currently on a dual-fuel deal, you can compare dual-fuel prices and switch to a cheaper one.

Whether it’s with your existing supplier or a new one, the switches are handled entirely by the energy companies. In fact, this means that all you have to do is fill out a form to get a dual fuel energy tariff.

Under a scheme called the Power Switch Guarantee, there will be no interruptions in your supply, and if you change your mind in the first 14 days, you can go back to your old deal without any fuss.

The energy market is very competitive, so the best dual-fuel deals are constantly changing. If it’s been a long time since suppliers switched, or perhaps never at all, there is a good chance of savings by moving to a new dual fuel tariff.

To see how much you can save and switch to a new supplier, click here.

Otherwise, how can I save money on my energy bills?

You may want to consider making home improvements such as insulating the roof, walls and floors on your property, to prevent heat loss.

You can also make small changes such as using energy-saving lamps, setting the washing machine to no more than 30°C and using a smart thermostat.

What should I look for when comparing dual fuel deals?

Making sure you choose the best dual-fuel deal for your home, and one that fits your personal circumstances, is critical. These are the main factors to consider when comparing prices:

price While it is tempting to choose the cheapest offer available, you will need to weigh the cost against other factors that are important to you, such as customer service and the availability of eco-friendly “green” tariffs.

Static or SVR Remember that attractive SVR tariff rates have the potential to rise, as well as fall, with energy wholesale costs. Flat tariffs will charge you the same price per unit of energy for the duration of the contract, with the contract term varying from 12 to 24 months.

exit fee If you choose a fixed deal but later find a better offer and want to switch again, there may be a per-fuel fee for leaving your contract early. The exit fee only applies to some flat tariffs, so it is best to check the tariff details before agreeing to it. If you are using a tariff with an exit fee, you do not have to pay it during the 14-day cooling off period and during the last 42 – 49 days of your contract. The exit fee is normally set at £25 – £30 per fuel.

Smart meter installation Energy suppliers are now rolling out smart meters to homes and small businesses across the UK, enabling their customers to monitor their energy use, and allowing suppliers to provide more accurate billing. Most suppliers will provide the installation for free. All homes and businesses will have smart meters – one for each type of fuel – by the end of 2025.

green credentials Are you looking to do your bit for the environment? Choose a resource that sourced renewable energy and is committed to sustainable practices.

Paperless bills Consider paperless billing if you want to reduce paper usage or simply prefer to manage your account electronically.

Monthly direct debit Suppliers often offer a discount if you pay your bills monthly by direct debit.

How do I know if I am using a dual fuel tariff?

Households that apply the dual fuel tariff receive only one bill for their gas and electricity accounts. If there is some time until your next bill, contact your supplier and they will tell you the details of your tariff.

What is happening in the UK energy market?

There are currently no power deals priced below standard tariffs, so we have temporarily suspended our conversion service.

#Compare #Dual #Fuel #Energy #Deals #cheapest #providers #Forbes #Advisor #Forbes

Leave a Comment

Your email address will not be published.