Avoid a Hallowe’en horror by remembering to switch energy deals warns Gocompare

2nd October 2015

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Households could face a real life horror story this Halloween if they allow themselves to be rolled onto their supplier’s standard tariff as 12 fixed dual fuel deals expire at the end of the month. Comparison site Gocompare.com is urging customers to avoid automatic price rises of £147.95 (15.22%) by shopping around for a better deal.

Npower, Co-operative Energy, Scottish Power, Sainsbury’s Energy, Extra Energy and First:Utility have dual fuel tariffs that are due to expire on Saturday 31  October, at which point customers who haven’t shopped around for a better deal will be rolled onto their supplier’s standard variable tariff. On average, these tariffs are £147.95 (15.22%) a year more expensive than the deals customers are currently on.

Households on Extra Energy’s Fresh Fixed Price Oct 2015 v2 and ValuePlus Fixed Price Oct 2015 v1 tariffs will see the biggest average increase at the end of the month. Customers on these tariffs can expect an annual rise of £186.08 (19.72%) if they are rolled onto the supplier’s Variable Price v1 standard tariff.

Caroline Lloyd, energy spokesperson at Gocompare.com, said: “The 12 fixed dual fuel tariffs due to expire on Halloween could result in a substantial price rise for customers on those tariffs. As such, people are really doing themselves a disservice if they let themselves get rolled onto their supplier’s standard tariff.

“Households need to fight back against what is effectively an automatic price rise, and the best way that they can do this is by getting online and shopping around for a better deal.”

Impact of tariffs coming to an end on Saturday 31 October (based on a medium user – 3,100 kWh of electricity and 12,500 kWh of gas per year – paying by monthly direct debit and averaged across all UK regions)

Supplier Tariff coming to an end Enddate Dual fuel? Annualcost Annual cost of standard tariff Difference(£ and %)
Co-op Energy Fair & Square September 2015 31/10/15

Yes

£980.60

£1,119.37

£138.77
(14.15%)

Extra Energy SaverPlus Fixed Price Oct 2015 v1 31/10/15

Yes

£985.77

£1,129.51

£143.74

(14.58%)

Extra Energy ValuePlus Fixed Price Oct 2015 v1 31/10/15

Yes

£943.43

£1,129.51

£186.08
(19.72%)

Extra Energy Fresh Fixed Price Oct 2015 v1 31/10/15

Yes

£943.64

£1,129.51

£185.87
(19.70%)

Extra Energy Clear Fixed Price Oct 2015 v1 31/10/15

Yes

£976.41

£1,129.51

£153.10
(15.68%)

Extra Energy Bright Fixed Price Oct 2015 v1 31/10/15

Yes

£978.48

£1,129.51

£151.03
(15.44%)

Extra Energy Bright Fixed Price Oct 2015 v2 31/10/15

Yes

£978.01

£1,129.51

£151.50
(15.49%)

Extra Energy Fresh Fixed Price October 2015 v2 31/10/15

Yes

£943.43

£1,129.51

£186.08
(19.72%)

First:Utility iSave Fixed v30 October 2015 31/10/15

Yes

£944.99

£1,084.26

£139.27
(14.74%)

iSupply Energy iFix (pre 19th September 2015) 31/10/15

No

£436.48

£496.79

£60.31
13.82%

Npower Online Price Fix October 2015 31/10/15

Yes

£1,019.25

£1,109.65

£90.40
(8.87%)

Sainsbury’s Energy Fixed Price October 2015 31/10/15

Yes

£962.02

£1,100.92

£138.90
(14.44%)

Scottish Power Online Fixed Price Energy October 2015 31/10/15

Yes

£1,002.59

£1,113.25

£110.66
(11.04%)

 

Top ten best tariffs

Supplier Tariff Tariff Type Annual cost Early exit fees
GB Energy Supply Premium Energy Saver

Variable

£831

None
extraenergy Fresh Fixed Price Dec 2016 v3

Fixed

£838

£25 per fuel
first:utility iSave Fixed December 2016 v3

Fixed

£840

£30 per fuel
Flow Energy Connect 2

Fixed

£848

£30 per fuel
GnERGY Fixed November 2016 v1

Fixed

£849

£25 per fuel
extraenergy Clear Fixed Price Dec 2016 v1

Fixed

£855

£25 per fuel
Robin Hood Energy Robin Hood Energy Prime

Fixed

£859

None
Green Star Energy Rate Saver 12 Month Fixed 3509

Fixed

£869

£30 per fuel
Flow Energy Flow Variable

Variable

£872

None
extraenergy Bright Fixed Price Dec 2016 v1

Fixed

£873

£25 per fuel

Based on dual fuel, payment by monthly direct debit, averaged across all UK regions and for households with an annual energy usage of 12,500kWh gas and 3,100kWh electricity (medium user). Correct as of 30/09/2015.

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