We’ve looked at where you can get the cheapest gas and electricity prices in the Lowestoft 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.
Lowestoft is a Town in Suffolk with the postcode sector NR32 1.
It is a charming coastal town located in the eastern part of the country. Known for its stunning beaches and traditional fishing heritage, it offers a peaceful and scenic retreat for visitors. With a rich history dating back centuries, it boasts a vibrant cultural scene and friendly local community.
Who are the cheapest energy suppliers in Lowestoft?
By using the current prices for tariffs in Lowestoft 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 Lowestoft?
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 Lowestoft 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 Lowestoft?
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.
Lowestoft falls under the Eastern area, meaning standing charges are currently capped at 31.01p per day for gas and 44p 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 75.01p.
This means that Suffolk is in the area ranked 2nd out of the 14 regions in terms of maximum standing charges rates (14th is highest). The capped price is 18% lower than the average.
These rates are based on the July 2024 price cap.
What are the maximum unit prices in Lowestoft?
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 Lowestoft, as it is in the Eastern, the cap on the unit rate for electricity is 25.26p and the maximum unit rate for gas is 5.96p.
Combined, this gives a maximum unit charge for gas and electricity of 106.23p.
This means that Suffolk is in the area ranked 2nd out of the 14 regions in terms of maximum unit prices (1st is lowest).
The capped rate is 13% lower than the average.
Again, these are based on the July 2024 price cap and will next be updated in October 2024.
What is the average energy usage for a property in Lowestoft?
Lowestoft is in the East Suffolk District local government area.
Gas Usage
In this area, there are 120,000 domestic properties.
93,000 of these properties have a gas meter whilst 27,000 are not connected to the gas grid (approximately 23% of properties).
The total gas usage for this area is 946 GWh, with the average household consuming 10,283 kWh of gas per year.
For context, the area with the highest average gas usage was the Elmbridge District, with 16,182 kWh per year, and the lowest gas usage was the City of Plymouth, with 7,976 kWh per year.
Electricity Usage
In total, there are 119,600 domestic electricity meters in this area.
The total consumption of all meters comes to 415 GWh, with the average household consuming 3,659 kWh of electricity per year.
For context, the area with the highest average electricity usage was the Cotswolds, with 4,947 kWh per year, and the lowest electricity usage was the South Tyneside District, with 2,527 kWh per year.
How do properties in Lowestoft rate for energy efficiency?
When it comes to the efficiency of properties, 40% in East Suffolk District are rated as EPC Band C or above.
The lowest-rated area in the UK (Pendle District) has only 22% of properties rated Band C or above.
In contrast, the best-performing area (Salford) has 65% of properties rated Band C or above.
The average estimated CO2 emissions from these properties is 3.8 tonnes/year for existing properties and 1.5 tonnes/year for new properties.
Combined, the average CO2 emissions for properties in this area is 4 tonnes/year.
When it comes to central heating, the table below shows the main fuel type used for central heating in this area:
| Fuel Type | Percentage |
|---|---|
| Community heating scheme | 1% |
| Electricity | 12% |
| Mains gas | 73% |
| Oil | 9% |
| Other or unknown | 2% |
How is the smart meter rollout going in Lowestoft?
Smart meters are currently being rolled out across the UK and are available for free to most customers from their energy suppliers.
In East Suffolk District (which covers Lowestoft) 58% of meters are a smart meter, based on the latest available data from 2023.
Torridge has the lowest percentage of smart meter installations, with only 46% being smart.
In contrast, Chesterfield has the highest percentage of smart meters at 69%.
Which distribution network covers Lowestoft?
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 Eastern region, the distributor for Lowestoft is UK Power Networks.
UK Power Networks operates electricity cables and lines in London, the South East, and East of England, ensuring reliable and safe power. They prioritise climate action, customer service, and community support. While your electricity supplier bills you, a portion funds UK Power Networks for maintaining local power infrastructure.