GoCompare uses cookies. By using the website you agree with our use of cookies. Continue Find out how to manage cookies and view our policy here

Fixed energy tariffs coming to an end in July will see bills increase by 9% on average

22 July 2014

As much as £142.27 to be added to customers' bills.

Next Thursday, 31 July, many households could be automatically rolled onto their energy suppliers' expensive standard tariffs and face an average annual bill increase of 9%, unless they've shopped around for a better deal and switched.*

Among the tariffs due to expire are those from British Gas and Scottish Power, two of the UK's largest energy suppliers, as well as Sainsbury's Energy and an electricity-only deal from iSupplyEnergy.  The average bill increase that people who have yet to switch can expect is £85.80, but ranges from £33.22 to £142.27 a year.

The biggest price increase will be felt by Scottish Power customers living in South East England, who are currently on the Online Energy Saver 22 tariff, and who have not taken steps to find a better deal yet. They can expect to see their annual bill jump by £155.77 on average. But if they switched to Extra Energy's Fixed Price September 2015 v11 dual fuel tariff, instead of spending £1,208 on Scottish Power's standard tariff they could have an annual bill of just £990, which is a saving of £218.**

Impact of tariffs coming to an end on Thursday 31 July 2014 (based on a medium user - 3,200 kWh of electricity and 13,500 kWh of gas per year - paying by monthly direct debit and averaged across all UK regions):

Supplier

Tariff coming to an end

Dual fuel?

Annual

cost

Annual cost of standard tariff

Difference

(£ and %)

British Gas

Price Promise July 2014

Yes

£1,159.74

£1,192.97

+£33.22

(+2.86%)

Sainsbury’s Energy

Price Promise July 2014

Yes

£1,159.74

£1,192.97

+£33.22

(+2.86%)

Sainsbury’s Energy

Online July 2014

Yes

£1,094.38

£1,192.97

+£98.59

(+9.01%)

Sainsbury’s Energy

Price Check July 2014

Yes

£1,062.92

£1,192.97

+£130.05

(+12.24%)

Scottish Power

Online Fixed Price Energy August 2014

Yes

£1,102.25

£1,199.12

+£96.86

(+8.79%)

Scottish Power

Online Energy Saver 22

Yes

£1,056.85

£1,199.12

+£142.27

(+13.46%)

iSupplyEnergy

iFix (pre 10 th July 2013)

No (elec. only)

£443.68

£510.04

+£66.36

(+14.96%)



Jeremy Cryer, energy spokesperson at Gocompare.com, said: "When your fixed energy tariff is coming to an end you will be notified by your supplier, and usually around 42 to 49 days before it's due to expire. As soon as you have received this notice you can switch without fear of being charged an early exit fee, so this is when you should shop around to look for a better energy deal.

"Bear in mind that it can still take around four to six weeks to switch suppliers, so it's important that you start to compare the different tariffs available to you sooner rather than later. That way, if you decide to switch you won't be waiting too long before you'll be paying for energy at your new tariff's rates.

"By using a reputable comparison site you can compare the whole energy market quickly and easily with just your postcode, annual energy usage figures and a few other details, most of which can be found on your bill. And there's no need to fear switching energy provider, as your gas and electricity supply won't be interrupted by taking your business elsewhere."

Top ten cheapest tariffs

Supplier

Tariff

Annual cost

Co-operative Energy

Fair & Square September 2015

£989

First Utility

iSave Fixed v27 September 2015

£992

Extra Energy

Fixed Price September 2015 v11

£993

Green Star Energy

No Worries 12 Months Fixed version 1406 paperless

£1,009

Ovo

Cheaper Energy Fixed

£1,011

EDF

Blue+ Price Promise February 2016

£1,049

ScottishPower

Online Fixed Price Energy September 2015

£1,063

Green Star Energy

No Worries 24 Months Fixed version 1405 paperless

£1,065

Ovo

Greener Energy Fixed (Online)

£1,069

First Utility

iSave Fixed v21 September 2016

£1,070



Based on dual fuel, payment by monthly direct debit, averaged across all UK regions and based on an annual energy usage of 13,500kWh gas and 3,200kWh electricity (medium user). Correct as of 18/07/2014.

For more information on switching energy supplier, read Gocompare.com's guides, here: http://www.gocompare.com/gas-and-electricity/guide/

-ends-

Notes to editors:

* Average percentage increase across all UK regions, and across all tariffs coming to an end on 31 July 2014 is 9.17%

** Based on a medium user - 3,200 kWh of electricity and 13,500 kWh of gas per year - paying by monthly direct debit and opting for a dual fuel tariff, living in Brighton.