Cheap energy suppliers – Compare and cut your gas and electricity bills with Green Network Energy to Tonik Energy

MILLIONS of Brits are overpaying on their energy bills when they could easily slash the cost by switching providers.

In fact, about 11million households are stuck on expensive Standard Variable Tariffs (SVTs) and default deals that are more than £300 more expensive than the cheapest deals on the market.

Luckily, such households will see their energy bills fall by up to £84 a year in October as regulator Ofgem slashes the price cap to £1,042, down from £1,126.

Meanwhile, prepayment meter customers will see their bills fall by £95 a year as this new cap will be set at £1,070 a year, down from £1,164.

Ofgem said this will ensure 15million households continue to pay a fair price for their energy.

But despite millions of households set to benefit, you can save even more money by shopping around for a better deal and then switching.

Yet Brits are reluctant to do so - more than 9million households didn't change provider once between 2012 and 2017, costing them more than £1,500 over the five years.

There's no reason to be paying more than you need to - so we've pulled together the cheapest energy deals on the market that can save you hundreds of pounds off your annual bill.

The very cheapest deals tend to come from smaller firms looking to build their customer base.

But if you're worried about leaving one of the large energy companies, you can still save cash by getting them to switch you to a cheaper tariff than the one you're on now.