25th June 2015
UK households have just days to look for a new energy supplier as many across the country will see an average price rise in their energy bills of £97.55 when five fixed tariffs expire at the end of the June.
Switching site Gocompare.com has warned that EDF, Npower, Scottish Power and First:Utility all have tariffs due to expire on 30 June, meaning that customers who fail to shop around and switch to a better deal will face an average 9.21% increase in their energy bills when they are rolled onto their suppliers’ standard tariffs.
Customers in the so-called Norweb region, which includes Manchester, Bolton and Lancaster, are set to be hit the hardest. Households in the region which are currently on the expiring EDF Fixed Price 2015 tariff, will see a huge £207.99, or 22%, average rise in their energy bills when they are automatically rolled onto EDF’s £1,154.52 a year standard variable tariff.
Impact of tariffs coming to an end on Tuesday 30 June
|Supplier||Tariff coming to an end||End date||Dual fuel?||Annual cost||Annual cost of standard tariff||Difference(£ and %)|
|EDF||Fixed Price 2015||30/06/15||Yes||£1,154.53||£180.20 (18.49%)|
|EDF||Blue +Price Promise June 2015||30/06/15||Yes||1,098.19||£1,154.53||£56.34 (5.13%)|
|First:Utility||iSave Fixed v12 June 2015||30/06/15||Yes||1,052.14||£1,134.85||£82.70 (7.29%)|
|Npower||Online Price Fix June 2015||30/06/15||Yes||1,086.37||1,169.33||£82.96 (7.64%)|
|Scottish Power||Online Fixed Price Energy June 2015||30/06/15||Yes||1,080.85||1,166.37||£85.52 (7.91%)|
|Isupply||iFix (pre 22nd May 2014)||30/06/15||No||£61.65 (13.75%)|
Caroline Lloyd, energy spokesperson at Gocompare.com, said: “With some very competitive tariffs on the market at the moment, households are really doing themselves a disservice by not shopping around when their fixed tariff expires. With warmer weather on the way the last thing on most people’s minds is heating bills. However, tariff changes during the summer months could have big implications for upcoming winter bills.
“It only takes a few minutes and an energy bill to get online and find out if you could be getting a better deal on your energy elsewhere. With some tariffs costing less than £1,000 a year, some households could see significant savings by switching.”
Top 10 cheapest dual fuel tariffs
|Supplier||Tariff||Tariff type||Annual cost||Early exit fees|
|GB Energy Supply||Premium Energy Saver||Variable||£869.99||None|
|first:utility||iSave Fixed July 2016||Fixed||£913||£30 per fuel|
|GnERGY||Fixed June 2016 v1||Fixed||£915||£25 per fuel|
|extraenergy||Fresh Fixed Price Sept 2016 v2||Fixed||£925||£25 per fuel|
|Green Star Energy||Rate Saver 12 Month Fixed 1506 Paperless||Fixed||£926||£30 per fuel|
|OVO Energy||Better Energy Fixed (All Online)||Fixed||£932||None|
|Cooperative Energy||Fair & Square May 2016||Fixed||£944||£20 per fuel|
|Sainsbury’s Energy||Fixed Price June 2016||Fixed||£946||£30 per fuel|
|ScottishPower||Online Fixed Price Energy June 2016||Fixed||£946||None|