The heat is on – many households set to see their energy bills jump by more than £200

28th January 2016

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Many households could see their bills soar by more than £206 if they do not act fast and switch tariffs by the end of the week, when no less than 26 fixed energy deals expire.

Switching site Gocompare.com highlighted that Co-operative Energy Extra Energy, First:Utility, M&S Energy,  Npower, Sainsbury’s Energy & Scottish Power all have tariffs due to end at which point customers will be automatically rolled onto their supplier’s standard variable tariff, which could result in average annual increases of 22.53%.

Worst hit will be Extra Energy customers on the Fresh Fixed Price Jan 2016 v10 deal.

They can expect to see the biggest average annual rise of £258.26, some 30%, to their energy bills if they are rolled onto the supplier’s Variable Price v1 standard tariff.

But not all tariffs ending in January will result in a price increase. Those on M&S Energy’s Fix & More Jan 16 Paperless Billing and Fix & More Jan 16 Paper Billing tariffs, the iSave Fixed v10 January 2016 tariff from First: Utility and Scottish Power’s Fixed Price Energy February 2016 Online will see their bills fall slightly when their tariffs expire on 31 January.

This is because the suppliers’ standard variable tariffs are cheaper than the fixed deal they are currently on. However, these bill-payers can only expect to save between £4.22 to £29.30 depending on their provider.

Ben Wilson, energy spokesperson at Gocompare.com, said: “With more winter weather to come, many of us will be switching the heating on to shut out the cold. That’s why it’s so important, particularly right now, to make sure you’re not paying more than you have to for your energy.

“While some big energy providers have started to lower the cost of their variable tariffs, the likelihood is customers could be saving significantly more by switching.

“Finding a new energy supplier only takes a few minutes, and with a range of really competitive tariffs available at the moment, it makes sense to be an active energy shopper.”

Top ten cheapest dual fuel tariffs*

Supplier Tariff Tariff Type Annual cost Early exit fees
extraenergy Fresh Fixed Price Feb 2017 v4 Fixed £768 £25 per fuel
E.ON Fixed 1 Year v19 Paperless Billing Fixed £769 £30 per fuel
extraenergy Clear Fixed Price Feb 2017 v3 Fixed £772 £25 per fuel
SSE SSE 1 Year Fixed v4 Fixed £775 £30 per fuel
GB Energy Supply Premium Energy Saver Variable £787 None
Places for People Energy Together – February 2017 – fixed 30 Fixed £794 £30 per fuel
Avro Energy Simple and Save Variable £795 None
GB Energy Supply Fixed 12 Emerald Fixed £799 None
GnERGY Fixed February 2017 v1 Fixed £802 £25 per fuel
iSupplyEnergy iFix February 2017 Fixed £804 £30 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 27/01/2016.Excludes collective tariffs.

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