We’ve looked at where you can get the cheapest gas and electricity prices in the Stamford 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.
Stamford, a charming market town in Lincolnshire, is renowned for its stunning Georgian architecture and rich history. With its picturesque streets lined with quaint shops and cafes, the town exudes a welcoming atmosphere. The scenic River Welland flows nearby, providing lovely walking routes and parks. Stamford is also steeped in culture, boasting vibrant community events and a thriving arts scene, making it a delightful place to explore and experience local traditions. Embrace the unique character and warmth of Stamford, where history and community come together harmoniously.
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Who are the cheapest energy suppliers in Stamford?
By using the current prices for tariffs in Stamford 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 Great Casterton, Little Casterton, Ketton, Easton on the Hill, Barnack, North Luffenham, South Luffenham, Empingham, Caldecott and Whissendine.
Who is the best energy supplier in Stamford?
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 Stamford 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 Stamford?
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.
Stamford falls under the East Midlands area, meaning standing charges are currently capped at 31.49p per day for gas and 56.9p 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 88.39p.
This means that Lincolnshire is in the area ranked 4th out of the 14 regions in terms of maximum standing charges rates (14th is highest). The capped price is 5% lower than the average.
These rates are based on the October 2024 price cap.
What are the maximum unit prices in Stamford?
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 Stamford, as it is in the East Midlands, the cap on the unit rate for electricity is 23.77p and the maximum unit rate for gas is 6.1p.
Combined, this gives a maximum unit charge for gas and electricity of 118.26p.
This means that Lincolnshire is in the area ranked 4th out of the 14 regions in terms of maximum unit prices (1st is lowest).
The capped rate is 4% 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 Stamford?
Stamford is in the South Kesteven District local government area.
Gas Usage
In this area, there are 66,000 domestic properties.
52,000 of these properties have a gas meter whilst 14,000 are not connected to the gas grid (approximately 21% of properties).
The total gas usage for this area is 554 GWh, with the average household consuming 10,753 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 65,100 domestic electricity meters in this area.
The total consumption of all meters comes to 228 GWh, with the average household consuming 3,587 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 Stamford rate for energy efficiency?
When it comes to the efficiency of properties, 44% in South Kesteven 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 3.9 tonnes/year for existing properties and 1.6 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 | 9% |
| Mains gas | 76% |
| Oil | 10% |
| Other or unknown | 2% |
How is the smart meter rollout going in Stamford?
Smart meters are currently being rolled out across the UK and are available for free to most customers from their energy suppliers.
In South Kesteven District (which covers Stamford) 62% 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 Stamford?
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 East Midlands region, the distributor for Stamford is National Grid.
National Grid Electricity Distribution, previously Western Power Distribution, is the UK’s largest electricity distributor, serving 8 million customers across the Midlands, South West, and Wales. Covering 55,000 square kilometres, its 6,500 staff ensure a reliable electricity supply and excellent customer service for millions of homes and businesses.
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