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Time for an energy spring clean - despite price cuts from the 'big six' some households will see rises of £62 at the end of the month

23 March 2015

14 tariffs are ending on 31 March, increasing customers’ bills by 6% on average*

Many households will be springing into bigger energy bills at the end of this month when 14 fixed-term energy tariffs – including 10 from four of the UK’s ‘big six’ suppliers – come to an end. This means people yet to switch to a better deal could see an average bill hike of almost 6% - equivalent to £62 – as they are switched onto their supplier’s standard tariff.
 
EDF Energy, Co-operative Energy, Sainsbury’s Energy, SSE, ScottishPower, British Gas and iSupplyEnergy all have tariffs that will end on Tuesday 31 March.
 
Customers who live in the Manweb distribution area and are on Co-operative Energy’s Fixed Price March 2015 Paper Billing will see the biggest average bill increase of £169.64 when they are moved onto the £1,176.43 a year standard tariff.
 
Due to price cuts, some households may see their bills fall when their fixed tariff comes to an end in March. For instance, customers on Scottish Power’s Platinum Fixed Energy April 2015 NSC and its online-only counterpart could see their bills drop by 7.64% and 6.86% respectively. However, despite this, customers would save even more money by switching to one of the top 10 cheapest fixed deals on the market than by sticking with their existing supplier.
 
Impact of tariffs coming to an end on Tuesday 31 March 2015 (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

End

date

Dual fuel?

Annual

cost

Annual cost of standard tariff

Difference

(£ and %)

British Gas

Price Protection March 2015

31/03/15

Yes

£1,106.26

£1,156.11

+£49.85

(+4.51%)

Co-operative Energy

Fixed Price March 2015

31/03/15

Yes

£1,045.07

£1,176.43

+£131.36

(+12.57%)

Co-operative Energy

Fixed Price March 2015 Paper Billing

31/03/15

Yes

£1,045.07

£1,176.43

+£131.36

(+12.57%)

EDF Energy

Blue +Fixed Price March 2015

31/03/15

Yes

£1,126.53

£1,154.53

+£28

(+2.49%)

EDF Energy

Blue +Price Promise March 2015

31/03/15

Yes

£1,060.69

£1,154.53

+93.84

(+8.85%)

ISupply Energy

iFix (pre 15th Mar 2014)

31/03/15

No

£451.91

£510.04

+£58.13

(+12.86%)

Sainsbury’s Energy

Fixed Price March 2015

31/03/15

Yes

£1,192.97

£1,156.11

- £36.86

(-3.19%)

ScottishPower

Fixed Price Energy April 2015

31/03/15

Yes

£1,139.97

£1,166.37

+£26.40

(+2.32%)

ScottishPower

Fixed Price Energy April 2015 NSC

31/03/15

Yes

£1, 139.96

£1,166.37

+£26.41

(+2.32%)

ScottishPower

Fixed Price Energy April 2015 Online

31/03/15

Yes

£1,129.47

£1,166.37

+£36.90

(+3.27%)

ScottishPower

Fixed Price Energy April 2015 Online NSC

31/03/15

Yes

£1,129.46

£1,166.37

+£36.91

(+3.27%)

ScottishPower

Platinum Fixed Energy April 2015 NSC

31/03/15

Yes

£1,262.83

£1,166.37

-£96.46

(-7.64%)

ScottishPower

Platinum Fixed Energy April 2015 Online NSC

31/03/15

Yes

£1,252.33

£1,166.37

-£85.96

(-6.86%)

ScottishPower

Online Fixed Price Energy March 2015

31/03/15

Yes

£1,180.44

£1,166.37

-£14.07 (-1.19%)

Jeremy Cryer, energy spokesperson at Gocompare.com, said: “Despite some of the price drops from the big six finally coming into effect, households could still be missing out on significant savings by sticking with their existing provider when their fixed term deal expires.
 
“There are some really good fixed tariffs available on the market at the moment, especially from small suppliers, all of which are cheaper than any supplier’s standard tariff. All of the top 10 cheapest dual fuel tariffs on the market cost less than £1,000 a year on average, so it really can pay to be an active energy shopper.
 
“While fixed tariffs usually carry early exit fees, those on tariffs coming to an end should have already received their notification letters, and as such will be able to switch without charge. It only takes a matter of minutes to get online with your latest energy bill and see if you could save, making it time well spent.”

For more information on switching energy supplier, read Gocompare.com’s energy guides.

-ends-

Notes to editors

*Average increase across all UK regions and across all tariffs coming to an end on 31 March 2015 where the current supplier’s standard tariff is more expensive than the fixed deal ending is 5.97%, or £61.92