We’ve looked at where you can get the cheapest gas and electricity prices in the Stowmarket 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.
Stowmarket is a charming market town nestled in the heart of Suffolk, boasting a rich history and vibrant community life. Its picturesque streets are lined with a delightful mix of historic buildings and contemporary shops, making it a pleasure to explore. The town’s thriving local market, held regularly, showcases a variety of fresh produce and artisan goods, fostering a strong sense of community. With beautiful parks and recreational areas, Stowmarket offers serene spots for relaxation and outdoor activities. The welcoming atmosphere and friendly residents contribute to the town’s appeal, making it a wonderful place to live and connect with others.
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Who are the cheapest energy suppliers in Stowmarket?
By using the current prices for tariffs in Stowmarket 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 Mendlesham, Needham Market, Woolpit, Haughley, Onehouse, Great Finborough, Bacton, Stowupland, Ringshall and Whateley.
Who is the best energy supplier in Stowmarket?
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 Stowmarket 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 Stowmarket?
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.
Stowmarket falls under the Eastern area, meaning standing charges are currently capped at 31.43p per day for gas and 50.84p 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 82.27p.
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 11% lower than the average.
These rates are based on the October 2024 price cap.
What are the maximum unit prices in Stowmarket?
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 Stowmarket, as it is in the Eastern, the cap on the unit rate for electricity is 25.21p and the maximum unit rate for gas is 6.16p.
Combined, this gives a maximum unit charge for gas and electricity of 113.64p.
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 8% 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 Stowmarket?
Stowmarket is in the Mid Suffolk District local government area.
Gas Usage
In this area, there are 47,000 domestic properties.
24,000 of these properties have a gas meter whilst 23,000 are not connected to the gas grid (approximately 50% of properties).
The total gas usage for this area is 222 GWh, with the average household consuming 9,496 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 47,700 domestic electricity meters in this area.
The total consumption of all meters comes to 195 GWh, with the average household consuming 4,244 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 Stowmarket rate for energy efficiency?
When it comes to the efficiency of properties, 43% in Mid 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 4.3 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 | 11% |
| Mains gas | 50% |
| Oil | 29% |
| Other or unknown | 3% |
How is the smart meter rollout going in Stowmarket?
Smart meters are currently being rolled out across the UK and are available for free to most customers from their energy suppliers.
In Mid Suffolk District (which covers Stowmarket) 61% 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 Stowmarket?
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 Stowmarket 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!
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- Get a free quote in less than 30 seconds, get £50 credit when you switch