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Households will see their energy bills surge by £65.54 at the end of the month as 10 fixed tariff deals expire

18 May 2015

14 tariffs are ending in May, 10 of which will see customer’s bills increase by 5.9% on average when they are rolled on to their supplier’s standard tariffs.

  • 14 tariffs expire at the end of May.
  • 10 expiring tariffs will see an average rise of £65.54 (5.9%).
  • First Utility customers in the Norweb region to be hit hardest with a £309.87 (23.68% rise).


Households who fail to shop around could see their energy bills rise by £65.54 at the end of May, when 10 fixed-term energy tariffs expire*. Customers on these expiring tariffs will see an average annual rise of 5.9% when they are automatically rolled onto their supplier’s standard tariff.

In total, 14 tariffs are due to expire at the end of May, including tariffs from British Gas, Scottish Power, Npower, M&S Energy, First:Utility and Sainsbury’s Energy.

Households in the Norweb distribution area (which includes Manchester, Blackpool and Wigan)  and are on the First:Utility iSave Fixed v18 May 2015 tariff will be the hardest hit, when they face an increase of £309.87 (23.68%) when they are moved onto the £1,308.17 a year iSave Everyday tariff**.

While the majority of tariffs ending in May will see customer’s bills rise, there are a few fixed tariffs that slightly more expensive than the supplier’s standard variable tariffs. This means that 4 of the tariffs expiring will result in customer’s bills dropping. However, with a drop of just 2.3% households could still save considerably more by shopping around than sticking with their existing supplier.

Impact of tariffs coming to an end on Sunday 31 May (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

Fix & Gift card May 2015

31/05/15

Yes

£1,181.97

£ 1,156.11

-£25.86 (-2.19%)

British Gas

Fixed Price May 2015

31/05/15

Yes

£1,076.05

£1,156.11

£80.06 (7.44%)

British Gas

Discount Fix May 2015

31/05/15

Yes

£1,024.89

£1,156.11

£131.22 (12.80%)

 

Fixed to May

31/05/15

Yes

£1,125.21

£1,176.43

£51.21 (4.55%)

Co-op Energy

Fixed to May Paper Billing

31/05/15

Yes

£1,125.21

£1,176.43

£51.21 (4.55%)

First:Utility

iSave Fixed v11 May 2015

31/05/15

Yes

£1,046.26

£1,134.85

£88.59 (7.81%)

First:Utility

iSave Fixed v18 May 2015

31/05/15

Yes

£1,013.48

£1,134.85

£121.37 (10.69%)

M&S Energy

Fixed Price May 15

31/05/15

Yes

£1,130.01

£1,186.27

£56.26 (4.98%)

Npower

Price Fix May 2015

31/05/15

Yes

£1,107.22

£1,169.33

£62.11 (5.61%)

Sainsbury's Energy

Fix & Reward May 2015

31/05/15

Yes

£1,192.97

£1,156.11

-£36.86 (-3.19%)

Sainsbury's Energy

Fix & Nectar May 2015

31/05/15

Yes

£1,192.97

£1,156.11

-£36.86 (-3.19%)

Sainsbury's Energy

Fix & Nectar May 2015

31/05/15

Yes

£1,142.80

£1,156.11

£13.31 (1.15%)

Scottish Power

Simply Green Energy June 2015 NSC

31/05/15

Yes

£1,176.86

£1,166.37

-£10.49 (-0.89%)

Scottish Power

Simply Green Energy June 2015 Online NSC

31/05/15

Yes

£1,166.36

£1,166.37

£0.01 0%



Jeremy Cryer, energy spokesperson at Gocompare.com, said: “As we move into the summer, the thermostat quickly drops from most people’s minds. However, by not being an active shopper, households could be paying over the odds on their energy, regardless of their usage.

“While the deal you fixed to might have been the best option for you at the time, the energy market has become increasingly competitive over the past several months, which means it’s incredibly unlikely you’ll be getting the best deal with your supplier’s standard variable tariff.

“There are plenty of good deals to be had out there, with the top 10 cheapest tariffs in the UK all having an average annual cost of less than £1,000. Considering that switching your energy supplier online can be a quick and easy process, there’s really no excuse not to get out there and make sure you’re getting the best possible deal for you. Every households that isn’t an active energy shopper is unnecessarily putting money into energy companies pockets that should be in their own, make sure you’re not one of them.”

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 May 2015 where the standard tariff is more expensive than the fixed deal is 5.9% or £65.54
 
** based on a medium user - 3,200 kWh of electricity and 13,500 kWh of gas per year - paying by monthly direct debit, living in the Norweb distribution area. The iSave Fixed v18 May 2015 tariff has an average annual cost of £998.30 for Norweb customers. The iSave Everyday tariff has an average annual cost of £1,308.17 for Norweb customers, a difference of £309.87 (23.69%).