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Halloween horror as energy bills rise by £147.95 when 12 dual fuel tariffs expire in October

02 October 2015

12 fixed tariffs are ending on 31 October, which will see customers’ bills increase by 15.22% on average if they don’t shop around for a better deal*

  • 12 fixed dual fuel tariffs expire on Saturday 31 October.
  • Households face an average £147.95 (15.22%) rise when they are rolled onto their supplier’s variable tariff.
  • Energy suppliers Npower, Sainsbury’s Energy, Scottish Power, First:Utility, Extra Energy and Co-operative Energy have tariffs expiring.
  • Extra Energy customers will see the largest average rise of £186.09 (19.72%)**

Households could face a real life horror story this Halloween if they allow themselves to be rolled onto their supplier’s standard tariff as 12 fixed dual fuel deals expire at the end of the month. Comparison site Gocompare.com is calling on customers to fight back against automatic price rises of £147.95 (15.22%) by shopping around for a better deal.

Npower, Co-operative Energy, Scottish Power, Sainsbury’s Energy, Extra Energy and First:Utility have dual fuel tariffs that are due to expire on Saturday 31  October, at which point customers who haven’t shopped around for a better deal will be rolled onto their supplier’s standard variable tariff. On average, these tariffs are £147.95 (15.22%) a year more expensive than the deals customers are currently on.

Households on Extra Energy’s Fresh Fixed Price Oct 2015 v2 and ValuePlus Fixed Price Oct 2015 v1 tariffswill see the biggest average increase at the end of the month. Customers on these tariffs can expect an annual rise of £186.08 (19.72%) if they are rolled onto the supplier’s Variable Price v1 standardtariff.

Impact of tariffs coming to an end on Saturday 31 October (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 %)

Co-op Energy

Fair & Square September 2015

31/10/15

Yes

£980.60

£1,119.37

£138.77 (14.15%)

Extra Energy

SaverPlus Fixed Price Oct 2015 v1

31/10/15

Yes

£985.77

£1,129.51

£143.74

(14.58%)

Extra Energy

ValuePlus Fixed Price Oct 2015 v1

31/10/15

Yes

£943.43

£1,129.51

£186.08 (19.72%)

Extra Energy

Fresh Fixed Price Oct 2015 v1

31/10/15

Yes

£943.64

£1,129.51

£185.87 (19.70%)

Extra Energy

Clear Fixed Price Oct 2015 v1

31/10/15

Yes

£976.41

£1,129.51

£153.10 (15.68%)

Extra Energy

Bright Fixed Price Oct 2015 v1

31/10/15

Yes

£978.48

£1,129.51

£151.03 (15.44%)

Extra Energy

Bright Fixed Price Oct 2015 v2

31/10/15

Yes

£978.01

£1,129.51

£151.50 (15.49%)

Extra Energy

Fresh Fixed Price October 2015 v2

31/10/15

Yes

£943.43

£1,129.51

£186.08 (19.72%)

First:Utility

iSave Fixed v30 October 2015

31/10/15

Yes

£944.99

£1,084.26

£139.27 (14.74%)

iSupply Energy

iFix (pre 19th September 2015)

31/10/15

No

£436.48

£496.79

£60.31 13.82%

Npower

Online Price Fix October 2015

31/10/15

Yes

£1,019.25

£1,109.65

£90.40 (8.87%)

Sainsbury’s Energy

Fixed Price October 2015

31/10/15

Yes

£962.02

£1,100.92

£138.90 (14.44%)

Scottish Power

Online Fixed Price Energy October 2015

31/10/15

Yes

£1,002.59

£1,113.25

£110.66 (11.04%)

Caroline Lloyd, energy spokesperson at Gocompare.com, said: “The 12 fixed dual fuel tariffs due to expire on Halloween could result in a substantial price rise for customers on those tariffs. As such, people are really doing themselves a disservice if they let themselves get rolled onto their supplier’s standard tariff.

“Households need to fight back against what is effectively an automatic price rise, and the best way that they can do this is by getting online and shopping around for a better deal."

-ends-

Notes to editors:

*Average increase across all UK regions and across all tariffs coming to an end on 31 October 2015 where the standard tariff is more expensive than the fixed deal is £147.95 or (15.22%)

** Based on a medium user – 3,100 kWh of electricity and 12,500 kWh of gas per year – paying by monthly direct debit, average across all UK regions. Customers on the Extra Energy ValuePlus Fixed Price Oct 2015 v1 and the Fresh Fixed Price Oct 2015 v2 will see a 19.72% rise when they are moved from their current tariffs, which have an annual average cost of £943.43 to Extra Energy’s standard variable tariff which has an average cost of £1,129.51.