We’ve looked at where you can get the cheapest gas and electricity prices in the Lancashire area to give you an idea of what you could be paying if you switched energy suppliers and how much you could save on your energy bills.
Who are the cheapest energy suppliers in Lancashire?
By using the current prices for tariffs in Lancashire and the average gas and electricity usage for a 3-bedroom home, we have found the below energy providers currently have the cheapest tariffs near you:
| Supplier Name | Tariff Name | Tariff Type | Monthly Cost | Annual Cost |
|---|---|---|---|---|
| OVO Energy | 1 Year Fixed + Boiler Cover | Fixed | £133 | £1,591 |
| Outfox The Market | Super Fix'd 12m Apr-24 | Fixed | £134 | £1,605 |
EDF Energy | EDF Essentials | Fixed | £134 | £1,606 |
| E.ON Next | Next Fixed | Fixed | £135 | £1,625 |
| British Gas | Fixed Tariff 12M | Fixed | £136 | £1,627 |
Use our comparison site here to find the cheapest gas and electricity prices based on your usage.
Who is the best energy supplier in Lancashire?
When looking at energy suppliers, it is important to not just focus on price.
Using data from Trustpilot, we have highlighted the best-performing energy suppliers that are available in Lancashire below:
| Supplier Name | Reviews Rating | No. Reviews |
|---|---|---|
| Octopus Energy | 4.8 | 265,000+ |
| OVO | 4.4 | 155,000+ |
| EDF Energy | 4.3 | 75,000+ |
| E.ON Next | 4.2 | 75,000+ |
| British Gas | 4.1 | 195,000+ |
What are the maximum standing charges in Lancashire?
Your standing charge is a daily fee you must pay to your energy supplier regardless of your energy usage. Under the rules of the Ofgem price cap, a company is allowed to charge a maximum amount, which varies depending on where you live.
Lancashire falls under the North West area, meaning standing charges are currently capped at 31.62p per day for gas and 51.19p per day for electricity. This means that whoever your supplier is, these are the maximum amounts they can charge you.
Combined, this gives a maximum standing charge for gas and electricity of 82.81p.
This means that Lancashire is in the area ranked 3rd out of the 14 regions in terms of maximum standing charges rates (14th is highest). The capped price is 9% lower than the average.
These rates are based on the July 2024 price cap.
What are the maximum unit prices in Lancashire?
Your unit rate is how much you are charged per unit of gas or electricity you use. These units are measured in kWh.
Similar to standing charges, a supplier can charge a maximum for each unit of gas or electricity, which varies depending on your area.
In Lancashire, as it is in the North West, the cap on the unit rate for electricity is 24.67p and the maximum unit rate for gas is 5.96p.
Combined, this gives a maximum unit charge for gas and electricity of 113.44p.
This means that Lancashire is in the area ranked 3rd out of the 14 regions in terms of maximum unit prices (1st is lowest). The capped rate is 7% lower than the average.
Again, these are based on the July 2024 price cap and will next be updated in October 2024.
Which distribution network covers Lancashire?
The UK’s energy distribution network is supported by several key companies, each responsible for specific regions. These firms manage the infrastructure delivering energy to homes and businesses, ensuring a reliable supply.
Due to being based in the North West region, the distributor for Lancashire is Electricity NorthWest.
Electricity NorthWest maintains 13,000 km of overhead lines and 44,000 km of underground cables. Covering areas from the Lake District to Manchester, they deliver reliable electricity and are investing £1.7 billion (2023-28) for continued service excellence, since acquiring the network in 2007.