What is dual fuel energy?
What is dual fuel energy?
Dual fuel energy means you get your gas and electricity from the same supplier. It could save you money and can be more convenient than using separate suppliers, leaving you with one bill and one point of contact. Dual fuel deals don’t always turn out cheaper than having separate energy providers though.
Is dual fuel cheaper than buying gas and electricity from separate suppliers?
While it often can be, a dual fuel deal isn’t always cheaper than buying your gas and electricity from separate suppliers.
Some energy providers offer a discount for taking both gas and electricity from them, although sometimes the saving is small compared to your overall bill. Tariffs constantly change and this means it’s important to conduct a comparison of the offers available to you. For example, in one year, taking two separate single fuel plans could be best, but, 12 months later, it might be smart to switch to a dual fuel option.
Why switch to a dual fuel package?
The main reason people sometimes pick a dual fuel plan is convenience. One bill. One Direct Debit. One point of contact. One telephone call should anything go wrong. And if you manage your account online – which can make it cheaper – there’s only one website to deal with. Plus, it also means one quote and depending on the tariffs available at that time, you could also benefit from a saving.
Do all energy suppliers offer dual fuel tariffs?
As of June, 2019, 56 suppliers provide both gas and electricity, and five supply only gas and three electricity, so you shouldn’t feel obliged to go down the dual fuel route if it doesn’t make financial sense to do so. You can get different quotes and decide to switch to single or dual fuel tariffs, whichever you prefer.
Is it easy to switch?
Switching to a dual fuel deal is straightforward. When you compare energy suppliers with us, just choose the option to compare both gas and electricity. We’ll show you a list of dual fuel plans available to you. Once you’ve chosen your tariff, it’s just as easy as switching your suppliers individually – or easier, because you only have to do it once.
There’s no complicated paperwork involved and the process will take place without any interruption to your supply.
Do note, however, that if you’re on a fixed term deal, there may be early cancellation charges involved with switching before the end of the term. We make it easy for you by showing you any applicable exit fees as part of your results, so you can make the right decision about when to consider switching your energy tariff.
Potential savings from switching to a dual fuel tariff
Like we said, you shouldn’t assume dual fuel is the cheapest option. The key is to compare all the tariffs available and find one that’s right for you – dual fuel or not.
Here are a few facts about switching suppliers with Compare the Market – all from February 2020.
The most popular tariff, E.ON, accounted for 13.40% of switches and saved customers £254.97 each on average.
The highest-saving tariff, Ovo Energy better energy tarriff, saved customers an average of £453.53.
Customers aged 50-64 were the most likely to switch, saving on average £335.16.
As you can see, there can be some serious savings to be made by switching energy suppliers.
Average savings based on usage information entered by Compare the Market customers during February 2020. Achievable savings can vary among customers depending on individual household usage.
How can I find a cheaper dual fuel deal?
With so many suppliers out there, finding a better deal for energy can seem daunting. That’s why, at Compare the Market, we aim to make life simple. With just a few details about you and your energy usage, we bring you deals from a wide range of energy suppliers. This makes comparing dual fuel deals easy to manage, all in one place.Compare dual fuel now to find a great deal for your needs