Beware the end of dual fixed rate energy deals in June – it could cost you £264.61

17th June 2016

Families could be hit with annual energy price rises of up to £264.61 this summer as several fixed dual fuel energy tariffs come to an end on 30 June. Of the 16 fixed deals expiring, nine will result in homes paying more for their energy if they allow themselves to be automatically rolled onto their supplier’s standard variable tariff warns comparison site GoCompare.

British Gas, EDF Energy, Npower, Ovo Energy, Sainsbury’s Energy and Scottish Power all have tariffs due to expire, resulting an average annual rise of £97.92 (12.24%).  Those biggest hit will be Npower customers in the Midlands on the Fixed Energy June 2016 who will see an average increase of £264.61 (31.75%).

Impact of tariffs coming to an end on Thursday 30 June (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 End

Date

Dual fuel? Annual

cost

Annual cost of standard tariff Difference

(£ and %)

British Gas Fix & Fall June 2016 30/06/16 Yes £1,044.11 £1,044.11 £0.00

0.00%)

British Gas Fix & Reward June 2016 30/06/16 Yes £1,100.92 £1,044.11 -£56.81

(-5.16%)

EDF Energy Blue+Price Promise June 2016 30/06/16 Yes £921.18 £1,069.31 £148.12
(16.08%)
iSupplyEnergy iFix June 2016 30/06/16 No £422.41 £496.79 £74.38
(17.61%)
iSupplyEnergy iFix Direct June 2016 30/06/16 No £407.81 £496.79 £88.98
(21.82%)
iSupplyEnergy iFix June 2016 v2 30/06/16 No £418.66 £496.79 £78.12
(18.66%)
iSupplyEnergy iFix Direct June 2016 v2 30/06/16 No £402.83 £496.79 £93.96
(23.32%)
Npower Price Fix June 2016 30/06/16 Yes £1,048.63 £1,077.25 £28.62
(2.73%)
Npower Fixed Energy June 2016 30/06/16 Yes £909.55 £1,077.25 £167.70
(18.44%)
Ovo Energy Better Energy (Fixed to June 2016) pre 15 May 2014 30/06/16 Yes £1,099.15 £1,063.36 -£35.80
(-3.26%)
Ovo Energy Cheaper Energy (Fixed to June 2016) pre 15 May 2014 30/06/16 Yes £1,039.15 £1,063.36 £24.20
(2.33%)
Ovo Energy Better Energy (Fixed to June 2016) (pre 8th July 2014) 30/06/16 Yes £1,130.12 £1,063.36 -£66.77
-(5.91%)
Ovo Energy Cheaper Energy (Fixed to June 2016) (pre 8th July 2014) 30/06/16 Yes £1,070.12 £1,063.36 -£6.77
(-0.63%)
Ovo Energy Better Energy (Fixed to June 2016) 30/06/16 Yes £1,112.29 £1,063.36 -£48.93
(-4.40%)
Ovo Energy Cheaper Energy (Fixed to June 2016) 30/06/16 Yes £1,052.29 £1,063.36 £11.07
(1.05%)
Sainsbury’s Energy Price Promise June 2016 30/06/16 Yes £947.48 £1,044.11 £96.62
(9.25%)
Sainsbury’s Energy Price Freeze June 2016 30/06/16 Yes £963.95 £1,044.11 £80.16
(7.68%)
Sainsbury’s Energy Fixed Price June 2016 30/06/16 Yes £902.77 £1,044.11 £141.34
(13.54%)
Scottish Power Fixed Price Energy June 2016 30/06/16 Yes £1,109.46 £1,080.57 -£28.88
(-2.60%)
Scottish Power Fixed Price Energy June 2016 Online 30/06/16 Yes £1,098.96 £1,080.57 -£18.38
(-1.67%)
Scottish Power Online Fixed Price Energy June 2016 30/06/16 Yes £897.10 £1,080.57 £183.47
(20.45%)

While many households will see their energy bills jump up when their tariffs expires, not all tariffs ending in June will result in price rises. This is because in some instances the supplier’s standard variable tariff is cheaper than the fixed deal that is expiring. However, the average amount customers on these deals will save is just £37.48 (3.3%). In comparison, families could save up to £207*** by shopping around for a new energy provider.

Ben Wilson, energy spokesperson at Gocompare.com, said: “As the summer sets in it can be easy to forget about your energy bills. However, it’s important to keep on top of when your fixed deal ends or risk being put on a standard tariff.

“The energy market has changed significantly following the arrival of smaller suppliers who have dominated the best buy tables for quite some time now. While it’s tempting to stick to a company with a more established name, these new suppliers are out to lure customers away from the ‘big six’ and are offering significant saving as an incentive to switch.

“A typical household could save as much as £207*** a year by switching their gas and electricity provider, proving that loyalty doesn’t pay when it comes to your energy supplier. Comparing energy tariffs online is quick and easy to do, making it well worth setting aside a few minutes to see how your provider stacks up against the rest of the market.”

Top ten cheapest dual fuel tariffs

Supplier Tariff Tariff Type Annual cost Early exit fees
Iresa IRESA Flex1 12month Fixed Direct Debit Fixed £734 None
GB Energy Supply Fixed 12 Topaz Fixed £735 None
Avro Energy Simple and Surge Fixed £737 None
Sainsbury’s Energy Fixed Price June 2017 Fixed £750 £30 per fuel
So Energy So Duck Fixed £750 £5 per fuel
Flow Energy Connect 7 Fixed £752 £30 per fuel
Flow Energy Connect 6 Fixed £752 £30 per fuel
Octopus Energy Octopus Fixed Fixed £763 None
Octopus Energy Octopus Variable Fixed £763 None
GB Energy Supply Premium Energy Saver Fixed £765 None


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 14/06/2016. Excludes collective tariffs

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