How to get cheaper electricity prices

If you’ve not switched energy supplier recently, you could be paying over the odds for your electricity – once your fixed rate deal ends, you’ll automatically be placed on your provider’s standard variable tariff, which also happens to carry its most expensive rate.

The quickest and simplest way to find the cheapest electricity provider and to cut your energy bills is to compare energy tariffs and switch supplier with UKPower.

Instead of ringing around each supplier individually, our comparison tool can find cheaper electricity deals and the best electricity prices in a matter of minutes, saving you time, money and hassle.

To get started, just pop your postcode into the box below. Or read on to find out how a cheap electricity deal can help cut your annual energy bills.

There's no price cap on business energy. Compare deals to find cheaper prices than your supplier's out of contract rates.

What are the cheapest electricity prices available now?

Every supplier charges different electricity rates - the same supplier will often charge different rates depending on what electricity tariff you are on – but the cheapest electricity prices can usually be found on tariffs where you pay by monthly Direct Debit and all bills are generated online.

To find accurate costs, and see which cheap electricity tariff best suits your needs, you need to compare the whole market. You can do this for free using our impartial comparison tool - just enter your postcode in the box above to get started.

Supplier Tariff Average Annual Bill*
Oct 2024 Fixed V1 £ 805
1 Year Fixed Loyalty 27 September 2024 £ 813
1 Year Fixed 03 October 2024 £ 813
The Fixed Tariff v5 £ 817
The Longer Fix v11 £ 828

*Based on usage of kWh of electric per year . Shows average price across all regions. Assumes payment is made by Monthly Direct Debit. Only showing tariffs which are generally available across most of the UK.

How to compare cheap electricity prices online

It should take no more than five minutes to compare the latest electricity prices with UK Power, and find a deal that best suits your needs and budget. Check out the short video below to find out more, or enter your postcode above to get started.

All the information you need to switch can be found on your latest bill, so make a note of the following:

  • The name of your current supplier.
  • The name of the tariff you’re on.
  • How you pay for energy (online, PayPoint, Direct Debit, etc).
  • Your monthly or annual usage, in pounds or kWh.

How to switch energy supplier

How to switch energy supplier with UKPower. Simply enter your postcode and we'll compare energy prices from a range of suppliers. You then choose the one you prefer and we'll take care of the rest.

If you’re struggling to make sense of your bill, this short video should help explain it all.

How to understand your energy bill

If you’re serious about cutting the cost of your energy bills and finding the cheapest electricity supplier available, it makes things a lot easier if you can find your way around one. This video explains how to understand your energy bill.

If you’re serious about cutting the cost of your energy bills and finding the cheapest electricity supplier available, it makes things a lot easier if you can find your way around one.

If you don’t have a bill to hand, we can still run a complete comparison, but it may not be quite as accurate as we’ll have to estimate your usage based on the answers to a few questions about your property.

Once we have all the relevant details, our energy comparison tool will gather together the most suitable and cheapest electricity tariffs, and show you how much you could save by switching. All you then have to do is pick the one you want to switch to, and we’ll do the rest.

Switch energy supplier with UKPower today to start saving.

What happens when you switch electricity supplier?

Once you’ve picked a deal from our electricity tariff comparison table, your work is basically done, and your new supplier will handle the rest of the switch by letting your existing one know you’re leaving and arranging a changeover date with them. It’s as easy as that to find the cheapest electricity provider and switch to them.

Your new supplier will get in touch with you via email or post to confirm your new tariff and payment details, you just need to check everything is in order and you’re good to go. If you change your mind, you have a 14-day cooling-off period in which you can cancel the deal without incurring a penalty.

Then all you need to do is give your old supplier a final meter reading on the day of the switch, so they can send you your final bill. The whole process should take no more than 17 days, including the 14-day cooling-off period, and there’ll be no digging or drilling at your property as the electricity will be supplied through the existing pipes.

On the day of the switch, you’ll need to take a meter reading for your old supplier so they can send you a final bill.

Can you switch electricity supplier if you rent?

If you live in rented accommodation and pay your electricity supplier directly, you should be able to switch – just make sure you notify your landlord or letting agent, and find out if they’d prefer you to switch back to the original supplier when you move out.

If your electricity bills are included in your rental fees, or your landlord pays the bills and then charges you later, you won’t be able to switch supplier yourself, but may find your landlord will switch for you – they don’t have to, but it might still be worth asking.

Will you save money with an Economy 7 electricity meter?

Economy 7 meters offer a discounted rate on electricity during set ‘off-peak’ hours, but then charge a much higher rate for an electricity used outside of these times. An Economy 7 tariff is often a good option for shift workers who use a lot of electricity during at night, as the off peak hours are set across seven night-time hours.

For more information on Economy 7 deals, check out Will you save money with an Economy 7 electricity meter?