We’ve looked at where you can get the cheapest gas and electricity prices in the Ventnor 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.
Ventnor is a charming seaside town located on the beautiful Isle of Wight, renowned for its stunning coastal scenery and vibrant community. Nestled between rolling hills and the sparkling sea, this picturesque destination boasts a delightful mix of Victorian architecture and lush gardens. The town’s lively promenade offers a delightful array of cafes, shops, and eateries, perfect for enjoying local treats. Ventnor also features a rich cultural scene, complemented by a range of events and festivals throughout the year. With its warm microclimate, Ventnor is home to a variety of unique flora, making it a delightful spot for nature lovers and those seeking a tranquil atmosphere.
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Who are the cheapest energy suppliers in Ventnor?
By using the current prices for tariffs in Ventnor 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 |
|---|---|---|---|---|
| Octopus Energy | Octopus Fixed12m | Fixed | £133 | £1,597 |
| Outfox The Market | Fix’d Dual Aug24 v4.0 | Fixed | £134 | £1,603 |
| EDF Energy | Essentials Fixed 1Yr Sep25 | Fixed | £137 | £1,645 |
| OVO Energy | 1 Year Fixed 19 August 2024 | Fixed | £137 | £1,648 |
| E.ON Next | Next Fixed 12m v23 | Fixed | £140 | £1,683 |
| British Gas | Fixed Tariff 12M v9 | Fixed | £144 | £1,725 |
Other locations nearby that is information is also likely applicable to includes Godshill, Whitwell, Niton, Shanklin, Bonchurch, Arreton, Wroxall, Chillerton, Rookley and St Lawrence.
Who is the best energy supplier in Ventnor?
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 Ventnor below:
| Supplier Name | Reviews Rating | No. Reviews |
|---|---|---|
| Octopus Energy | 4.8 | 440,000+ |
| OVO | 4.5 | 190,000+ |
| EDF Energy | 4.6 | 108,000+ |
| E.ON Next | 4.4 | 130,000+ |
| British Gas | 4.2 | 250,000+ |
What are the maximum standing charges in Ventnor?
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.
Ventnor falls under the South East area, meaning standing charges are currently capped at 31.39p per day for gas and 57.84p 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 89.23p.
This means that Isle of Wight is in the area ranked 5th out of the 14 regions in terms of maximum standing charges rates (14th is highest). The capped price is 4% lower than the average.
These rates are based on the October 2024 price cap.
What are the maximum unit prices in Ventnor?
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 Ventnor, as it is in the South East, the cap on the unit rate for electricity is 25.24p and the maximum unit rate for gas is 6.17p.
Combined, this gives a maximum unit charge for gas and electricity of 120.64p.
This means that Isle of Wight is in the area ranked 5th out of the 14 regions in terms of maximum unit prices (1st is lowest).
The capped rate is 2% lower than the average.
Again, these are based on the October 2024 price cap and will next be updated in January 2025.
What is the average energy usage for a property in Ventnor?
Ventnor is in the Isle of Wight local government area.
Gas Usage
In this area, there are 72,000 domestic properties.
59,000 of these properties have a gas meter whilst 13,000 are not connected to the gas grid (approximately 18% of properties).
The total gas usage for this area is 552 GWh, with the average household consuming 9,458 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 72,600 domestic electricity meters in this area.
The total consumption of all meters comes to 233 GWh, with the average household consuming 3,485 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 Ventnor rate for energy efficiency?
When it comes to the efficiency of properties, 40% in Isle of Wight 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 3.4 tonnes/year for existing properties and 1.3 tonnes/year for new properties.
Combined, the average CO2 emissions for properties in this area is 3 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 | 2% |
| Electricity | 16% |
| Mains gas | 76% |
| Oil | 2% |
| Other or unknown | 3% |
How is the smart meter rollout going in Ventnor?
Smart meters are currently being rolled out across the UK and are available for free to most customers from their energy suppliers.
In Isle of Wight (which covers Ventnor) 44% 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 Ventnor?
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 South East region, the distributor for Ventnor 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.
Get £50 credit if you switch to Octopus energy today!
- Rated 4.8/5 on Trustpilot from over 400,000 reviews
- One of the cheapest suppliers
- Get a free quote in less than 30 seconds, get £50 credit when you switch