Entice Energy Tariffs 2021: Compare Energy Prices

Papernest disclaims that they are in partnership with Entice Energy

Papernest disclaims that they are in partnership with Entice Energy

Entice Energy directly address many of the frustrations that energy consumers have with their suppliers. Especially when 70% of us in the UK rely on the “Big 6” energy companies. It’s easy to get bamboozled by long lists of tariffs, especially when they seem to differ very little from one another. Entice Energy takes a customer-first approach that aims to simplify your energy bills and pricing. In this article, we will breakdown all of the tariffs that Entice energy offers in hopes that we keep you as informed as possible when looking to switch energy suppliers.
Last update: March 2021

Entice Energy tariffs are simple, their billing is transparent, and as their Trustpilot page will attest, they offer great value for money. Here, we’ll look at Entice Energy’s tariffs and prices to help you decide whether or not they’re the right energy supplier for you.

Entice Energy Tariffs and Prices

Entice Energy claim to offer “some of the UK’s lowest gas and electricity prices”. Let’s see if the tariffs and unit rates live up to that claim!

Entice Energy’s selection of tariffs is very simple. And this simplicity is the key to the brand’s appeal for many customers. At the time of writing, their tariffs page boasts only two foxed rate tariffs, along with their standard variable rate tariff.

Here we’ll provide a summary of all the tariffs that are available to prospective new customers. All unit rates are based on UK averages. As such, your rates and standing charges may vary depending on where in the country you live.

Entice Energy Tariffs

Estimates provided here are based on the UK household’s average consumption of 2,900 kWh of electricity and 12,000 kWh of gas per year.

All prices quoted are accurate at the time of writing and are inclusive of VAT at 5%.

Flexible Saver V2: Entice Energy Standard Tariff

This is Entice Energy’s standard variable rate tariff. This is the tariff to which Entice Energy customers will default when their fixed rate tariffs expire. If you move into a new property where Entice Energy is the incumbent supplier, these are the rates that you will pay.

Unit rates for this tariff are as follows:

Rates for this tariff are as follows:

Energy Cost Price
Electricity unit rate 17.01p per kWh
Gas unit rate 3.066p per kWh
Electricity standing charge 21.855p per day
Gas standing charge 23.206p per day
  • Estimated monthly cost £86
  • Estimated annual cost £1025.68

According to their website, this tariff is £99 less than the average standard variable tariff of the “Big 6” energy suppliers.

Entice Energy Variable Rate tariffs

Entice Energy also offers two variations on the same fixed rate tariff, both of which require a 12 month contract. While their standard tariff does come below the Ofgem Energy Price cap, both variations on this tariff offer considerably improved savings when compared to this.

Fixed Saver V8 Paper

This variation of the 12 month fixed rate tariff has a paper bill for those who prefer to keep physical records of their energy costs. The standing charges are slightly higher in order to cover the administrative costs associated with paper billing.

Winter Weighting also applies to plans with contracts that start between September and March. This means that your monthly direct debit will be higher during these months in which consumers generally use more energy.

Rates for this tariff are as follows:

Energy Cost Price
Electricity unit rate 14.384p per kWh
Gas unit rate 2.958p per kWh
Electricity standing charge 26.569p per day
Gas standing charge 27.048p per day
  • Estimated monthly cost £81
  • Estimated annual cost £967.80

This tariff has an exit fee of £31.50 per fuel.

According to Entice Energy’s website, this tariff is £156 less than the average standard variable tariff of the “Big 6” energy suppliers.

Fixed Saver V8 Paperless

This is the same as the above tariff, except that bills are paperless. Resulting in reduced standing charges due to fewer administrative costs. Winter weighting also applies to this tariff.

Rates are as follows:

Energy Cost Price
Electricity unit rate 14.384p per kWh
Gas unit rate 2.958p per kWh
Electricity standing charge 22.369p per day
Gas standing charge 22.848p per day
  • Estimated monthly cost £79
  • Estimated annual cost £937.14

This tariff also has an exit fee of £31.50 per fuel.

Entice Energy’s website states that this tariff is £187 cheaper than the average standard variable tariff of the “Big 6” energy suppliers.

Entice Energy Prepayment tariffs

Although Entice Energy installs prepayment meters and claims to support customers who use them, it does not advertise rates for costumers with prepayment meters.

Customers who prefer PAYG energy should contact Entice Energy directly on 0330 403 0040 or help@enticeenergy.com.

Entice Energy Economy 7 tariffs

Unfortunately, at the time of writing, Entice Energy does not offer tariffs for customers with Economy 7 meters, Economy 10 meters and other dual-rate meters.

Entice Energy Tariffs

Entice Energy business tariffs

Entice Energy do not currently offer business energy tariffs. Nor have they announced any intentions to do so. However, it’s important to note that they have only been a presence in the market since 2015.

It’s possible that as they grow, they may start to offer tariffs for business customers.

COVID-19

More than ever, our team of experts remain on deck to help you make savings on your energy. We understand how deeply the lives of many are affected by these trying times and we want to support you the best we can. More on your energy supply during COVID-19 in our article.

Entice Energy no standing charge tariff

At the time of writing, Entice Energy do not offer tariffs without standing charges. However, energy consumers should be wary of false economy before they sign up to tariffs that are free of standing charges. Because unit rates for gas and electricity are, by necessity, higher in the absence of standing charges, these tariffs are only really viable for properties that are vacant for much of the year like holiday homes and short-term rentals (Air BnBs).

Entice Energy tariffs compared: Which is the cheapest tariff?

Here, we compare Entice Energy’s tariffs so that you can be sure you’re getting the best value for money with Entice Energy.

Tariff Name Estimated Monthly Cost Estimated Annual Cost
Flexible Saver V2 £86 £1025.68
Fixed Saver V8 Paper £81 £967.80
Fixed Saver V8 Paperless £79 £937.14

As we can see, the Fixed Saver V8 Paperless tariff offers the best value for money by quite some way.

Nonetheless, all of Entice Energy’s tariffs are comfortably below the Ofgem Energy Price Cap, which as of October 2020 stands at £1,042 per year. The lowest it has ever been since its inception in January 2019.

Entice Energy price changes in 2020

Entice Energy have announced no price changes in 2020. Like most smaller suppliers, it operates on razor-thin margins in order to bring its customers the best value tariffs. As such, unlike many larger suppliers, it did not need to bring down its tariffs in line with the newly-reduced Energy Price Cap in October 2020.

Entice Energy exit fees

Although Entice Energy’s variable rate Flexible Saver V2 tariff has no exit fees, both variations on its fixed tariff carry an exit fee of £31.50 per fuel. Please note, however, that under Ofgem guidelines, you can leave this tariff within 49 days of your contract’s end date with no charges. This applies to all fixed rate tariffs in the UK.

Get an Entice Energy quote today

If you’re looking for a smaller and more cost-effective energy supplier, Entice Energy might just be an… enticing prospect for you. However, we highly recommend that you get in touch with us prior to switching. We can help to ensure that you’ll get the best possible tariff for your needs and usage.

Would you like to know more about entice energy? Great! Check out our article on entice energy reviews.

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Written by Baylee

Updated on 31 Mar, 2021