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Households could face energy price rises of up to £151.13 as an incredible 24 dual fuel tariffs expire at the end of the month

14 September 2015

24 tariffs are ending in September, 21 of which will see customers' bills increase by an average of 15.56% when they are rolled onto their suppliers' standard variable tariffs

  • 21 expiring dual fuel tariffs will see an average rise of £151.13 (15.56%)
  • Households on one of these 21 tariffs who fail to shop around will automatically be rolled onto more expensive standard variable tariffs

Gocompare.com is calling on households to be active energy shoppers and ensure they're not caught out by a £151.13 price jump when their fixed tariff comes to an end this month.

British Gas, Co-operative Energy, Extra Energy, First:Utility, iSupply, M&S Energy and Scottish Power all have tariffs that are due to expire on Wednesday 30 September, at which point customers who fail to shop around will be rolled onto their supplier's standard variable tariff. In 21 cases, the standard tariff is more expensive than the fixed deal that customers are currently on, and could result in an average price hike of £151.13 (15.56%) unless they shop around for a better deal.

The biggest average increase across the UK could be felt by Extra Energy customers on the supplier's ValuePlus Fixed Price Sept 2015 v1 tariff. People currently on this deal could see a £186.08 (19.72%) hike to the cost of their annual gas and electricity bill when their fixed term ends if they fail to switch to a better deal.

First:Utility customers in the Norweb distribution area (which includes Manchester) on the expiring iSave Fixed v27 September 2015 tariff could be the hardest hit by the automatic rollover, with rises of £312.51 (25%) if they let themselves be automatically switched onto the supplier's iSave Everyday standard tariff instead of shopping around for a better deal.**

While the majority of tariffs ending will see customers' bills rise, there are a few fixed tariffs expiring that are slightly more expensive than the suppliers' standard variable tariffs. This means that some of the dual fuel tariffs expiring will result in customers' bills dropping. This shouldn't necessarily be welcomed as good news though, as it merely indicates that those customers were paying more for their energy than necessary been during their fixed term.  Also, customers who may see cheaper energy bills when they are moved onto standard tariffs could save even more by switching to any one of the UK's top ten cheapest fixed deals.

Impact of tariffs coming to an end on Wednesday 30 September (based on a medium user - 3,100 kWh of electricity and 12,500 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

Discount Fix September 2015

30/09/15

Yes

£954.53

£1,100.92

£146.39
(15.34%)

British Gas

Fix & Reward September 2015

30/09/15

Yes

£1,135.05

£1,100.92

-£34.13
(-3.01%)

Co-op Energy

Fair & Square September 2015

30/09/15

Yes

£944.95

£1,119.37

£174.42
(18.46%)

Extra Energy

Fixed Price September 2015 v2

30/09/15

Yes

£967.33

£1,129.51

£162.18

(16.77%)

Extra Energy

Fixed Price September 2015 v3

30/09/15

Yes

£982.39

£1,129.51

£147.12
(14.98%)

Extra Energy

Fixed Price September 2015 v4

30/09/15

Yes

£954.93

£1,129.51

£174.58
(18.28%)

Extra Energy

Fixed Price September 2015 v5

30/09/15

Yes

£970.74

£1,129.51

£158.77
(16.36%)

Extra Energy

Fixed Price September 2015 v6

30/09/15

Yes

£961.21

£1,129.51

£168.30
(17.51%)

Extra Energy

Fixed Price September 2015 v7

30/09/15

Yes

£960.50

£1,129.51

£169.02
(17.60%)

Extra Energy

Fixed Price September 2015 v8

30/09/15

Yes

£961.92

£1,129.51

£167.59
(17.42%)

Extra Energy

Fixed Price September 2015 v9

30/09/15

Yes

£958.36

£1,129.51

£171.16
(17.86%)

Extra Energy

Fixed Price September 2015 v10

30/09/15

Yes

£946.37

£1,129.51

£183.14
(19.35%)

Extra Energy

Fixed Price September 2015 v11

30/09/15

Yes

£947.20

£1,129.51

£182.31
(19.25%)

Extra Energy

Fixed Price September 2015 v12

30/09/15

Yes

£948.28

£1,129.51

£181.23
(19.11%)

Extra Energy

Fixed Price September 2015 v13

30/09/15

Yes

£947.98

£1,129.51

£181.53
(19.15%)

Extra Energy

Fixed Price September 2015 v14

30/09/15

Yes

£953.87

£1,129.51

£175.65
(18.14%)

Extra Energy

SaverPlus Fixed Price Sept 2015 v1

30/09/15

Yes

£985.77

£1,129.51

£143.74
(14.58%)

Extra Energy

ValuePlus Fixed Price Sept 2015 v1

30/09/15

Yes

£943.43

£1,129.51

£186.08
(19.72%)

First:Utility

iSave Fixed v27 September 2015

30/09/15

Yes

£944.99

£1,084.26

£139.28
(12.85%)

ISupply

iFix (pre 22nd Oct 2014)

30/09/15

No

£429.08

£496.79

£67.70
(15.78%)

M&S Energy

Fixed Price Sep 15 Paperless Billing

30/09/15

Yes

£1,062.21

£1,100.51

£38.29
(3.61%)

M&S Energy

Fixed Price Sep 15 Paper Billing

30/09/15

Yes

£1,074.25

£1,100.51

£26.26
(2.44%)

Scottish Power

Platinum Fixed Energy October 2015

30/09/15

Yes

£1,213.90

£1,113.25

-£100.65
(-8.29%)

Scottish Power

Platinum Fixed Energy October 2015 Online

30/09/15

Yes

£1,203.40

£1,113.25

-£90.15
(-7.49%)

Scottish Power

Online Fixed Price Energy September 2015

30/09/15

Yes

£1,016.55

£1,113.25

£96.71
(9.51%)



 

Caroline Lloyd, energy spokesperson at Gocompare.com, said: "With a huge number of fixed tariffs coming to an end this month, it's really important for customers to keep on top of when their deals expire and ensure they're not paying over the odds for their energy.

"Unfortunately, households who are loyal to their energy provider once their current deal expires are usually rewarded with a significantly more expensive tariff that doesn't represent value for money. However, there are a range of competitive tariffs available at the moment for those who take the initiative and shop around.   

"With potential average savings of almost £300 to be had, it really pays to be an active energy shopper and spend just a few minutes comparing tariffs to see whether you could save."

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Tariff type

Annual cost

Early exit fees

GB Energy Supply

Premium Energy Saver

Variable

£830

None

extraenergy

Fresh Fixed Price Nov 2016 v3

Fixed

£850

£25 per fuel

first:utility

iSave Fixed October 2016 v2

Fixed

£852

£30 per fuel

Robin Hood Energy

Robin Hood Energy Prime

Fixed

£859

None

extraenergy

Bright Fixed Price Nov 2016 v2

Fixed

£860

£25 per fuel

GnERGY

Fixed September 2016 v1

Fixed

£865

£25 per fuel

Flow Energy

Flow Variable

Variable

£872

None

Flow Energy

Connect

Fixed

£872

None

Green Star Energy

Rate Saver 12 Month Fixed 2509

Fixed

£875

£30 per fuel

Sainsbury's Energy

Fixed Price September 2016

Fixed

£876

£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 14/09/2015. Excludes any collective tariffs.

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 increase across all UK regions and across all tariffs coming to an end on 30 September 2015 where the standard tariff is more expensive than the fixed deal is £151.13 or 15.56%.

** Based on a medium user - 3,100 kWh of electricity and 12,500 kWh of gas per year - paying by monthly direct debit, living in the Norweb distribution area. The iSave Fixed v27 September 2015 tariff has an average annual cost of £937.30 for Norweb customers. The iSave Everyday tariff has an average annual cost of £1,249.81 for Norweb customers, a difference of £312.51 (25%).