Energy

Our tips to counter the cost of high gas and electricity bills

Compare energy prices and providers

  • Use Cheap Energy Club to compare energy deals.
  • You'll get a unique bespoke prediction of what you'd pay if you stay on the Price Cap.
  • Right now, it's only optimised for dual-fuel monthly Direct Debit price-capped users.
Compare energy deals

Energy: Our top gas & electricity guides

Will energy prices go down in 2024?

Average annual energy bills will fall by 7% on 1 July for those on standard price-capped tariffs (most households), the lowest since the energy crisis began back in 2021.

But from October it's predicted the Price Cap will rise by 12% and then remain at roughly this level until it's due to change again in January 2025.

See energy price predictions

What is the Energy Price Cap?

Since 2019, energy regulator Ofgem has capped the amount energy suppliers can charge for each unit of energy and the daily standing charge – but only for customers on standard and default tariffs (which most households are on).

Remember that it's the rates that are capped, so use more and you pay more.

Energy Price Cap explained

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How does switching energy suppliers work?

Switching is easy, it's the same gas, same electricity and same safety. Only the customer service and who bills you changes. Your supply always stays on and no one visits your home unless you want or need smart meters.

To switch suppliers, follow these steps:

1. Enter your details – either directly with the supplier or you can register for our Cheap Energy Club. You'll usually need your address, current energy supplier and usage, how you pay and whether you want to compare dual-fuel, gas or electricity-only tariffs.

2. Consider your options – make sure you compare all tariffs on the market to get the best deal and remember to factor in things like exit fees, tariff length and type.

3. Switch! (Or not) – if you've found a better deal, you can switch online or over the phone. The new supplier will handle the whole process so there's no need to tell your old supplier. Though remember to take a meter reading just before your switch completes.

Use our Cheap Energy Club to compare deals

Energy saving tips to cut your usage

The Price Cap will fall by 7% on 1 July, yet many will still be struggling to pay their bills, so cutting energy use is a key way to save. Here are some quick-fire tips on how to save energy and cut your costs:

See more energy saving tips

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Want to go green and cut bills?

There are loads of ways you can reduce your carbon footprint and save on your energy bills:

 

Martin Lewis explains how to cut your energy bills

Martin Lewis"The Energy Price Cap is to drop an average 7.2% for Direct Debit customers on 1 July, 6.9% for prepay customers, 7.1% for those who pay in receipt of bills. So, roughly for each £100 you pay now, you'll pay £93 from July to September (the Price Cap changes every three months).

"But Cornwall Insight has put out its new predictions and they don't make easy reading. If they're right, this is the last fall, and the coming rises are big.

"All this makes the cheapest fixes look a decent bet – you can do a full comparison via the MSE Cheap Energy Club."

MoneySaving successes


Below we've featured some fantastic success from MSE users who've used these guides to save money on their energy. If you've found success using our tools or guides, let us know via email.

"I phoned Octopus this morning and switched to a deal that is saving over £50 monthly! Shows it's really worth taking the plunge and shopping around"

- Barbara, April 2024

"Through MSE Cheap Energy Club, I switched energy provider to EDF, and felt very pleased with myself as the process was very straightforward"

- Gareth, April 2024

"Got quoted £87/month to fix with E.on for a year. British Gas wanted £178 based off the same usage figures. No-brainer to switch."

- Katy, May 2024

Energy comparison FAQs

  • What's the cheapest way to pay for gas and electricity?

    Traditionally, paying by monthly Direct Debit used to be the cheapest way to pay for your energy, but since April, a typical prepayment bill will be about 3% cheaper for those on standard price-capped tariffs.

    So if you're on the Cap, moving to prepayment will see a saving. Yet before you jump to it, a word of caution... there are rarely any prepay deals. All the big money and discounts are thrown out to win new Direct Debit customers. So for many, Direct Debit will stay by far the overall cheapest for people who switch, but for those who don't, it'll be prepay.

    See our Energy Direct Debit and Prepay energy guides for more info.

  • Is it easier to switch gas and electricity together?

    If you pay for your gas and electricity together, you'll likely be on a dual-fuel tariff. The benefit of doing this is that you will only have to pay one energy provider, meaning half the admin work.

    It can also be cheaper as some energy suppliers often give discounts to those who get their gas and electricity together, but that is not always the case, so it's always best to compare deals. You can do this using our Cheap Energy Club tool.

  • Can I switch energy suppliers if I owe my current supplier money?

    When you owe your supplier money, it can sometimes block any attempts to switch away from it. But you can switch if the debt you owe is less than 28 days old, as it'll just be added on to your final bill. For any debts older than 28 days, you'll usually have to pay this off before you switch.

    If you're in debt or struggling with your bills, see our full Energy help guide.

Energy guides

Our tips to counter the cost of soaring gas and electricity bills

Is Economy 7 worth it?

Cheapest tariffs for using electricity in the evening

Prepaid gas and electricity

Prepaid gas and electricity

Can you change from a prepayment meter to Direct Debit? Plus what extra help is available

Smart meters

What are they? Should you get one? And could yours go 'dumb'?

Cheap heating oil

Find the cheapest prices & haggle down costs

Electric vehicles

What you need to know

Best boiler cover

Save £100s on boiler and home emergency insurance

What is a heat network?

Know your rights if your home is connected to a heat network

Cold weather payments

Get £25 during freezing weather

What are smart thermostats?

What can they do and are they worth it?

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Energy help 

This section has all our guides and tools to help you with the soaring cost of energy. We've full details of the Government's Energy Price Guarantee, which will keep costs capped until April. Plus we've help for what you need to think about if you've fixed energy.

We've also got guides which pull together all of the help available, whether that's Government grants for specific groups, help from the energy companies or free advice agencies that can help.

We've also tips to help you cut how much energy you use. And if that doesn't go far enough to cut your bills, our Heat the human, not the home guide tells you how to stay warm without putting the heating on – a guide we never thought we'd have to write.

 

You'll also find the various energy and housing grants that are available, an energy switching guide for those living in Northern Ireland, plus information on smart meters and whether you should get one – including what happens if it goes 'dumb'.

And if you're wanting to go green, our Are solar panels worth it? and Electric vehicles tariff guides could help you change up your home to use less – though the initial outlay for both is very high.