Best Energy Deals Taken Off The Market

Three of the best energy deals have been withdrawn from the market as EDF Energy and npower have shut down their cheapest plans with immediate effect.

Update: 19 May 2011

British Gas has now withdrawn its WebSaver 11 plan and replaced in with a new WebSaver 12 deal. Whilst this new plan is more expensive it still maintains British Gas in the number one spot for online energy plans.

See the British Gas website for all the details.

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Consumers are facing higher energy bills again, as three out of six of the most competitive energy deals have been withdrawn from the market recently.

As a result, over the last 6 weeks, the average price of a best buy energy deal has crept upwards by £34 or 3.7%, from £913 to £947 per year.

British Gas is still offering the WebSaver 11 tariff, however industry experts are wondering how long they will keep this tariff when the other large energy companies are withdrawing their best deals.

Tom Lyons energy expert at uSwitch.com, voices these concerns:

“This latest move by two of the big six suppliers to remove their most competitively priced plans off the market suggests that the current crop of best buy plans are not going to be around for long. I would urge people to snap up a deal now or risk seeing the last competitive plan slip through their fingers.”

It is the rising costs of wholesale energy that is convincing the largest energy companies to take their cheapest plans off the market.

“Online energy prices are steadily creeping upwards as a direct result of the current volatility in the wholesale energy market. But although the cheapest prices are disappearing, it doesn’t necessarily mean that we should immediately expect another round of price rises on suppliers’ standard plans.”, Lyon continued.

As a result of these moves, uSwitch is advising consumers to switch energy deals as soon as possible before other good deals such as websaver 11 are withdrawn.