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Energy bills set to rise by as much as £136.59 a year as eight fixed tariffs end in August

18 August 2015
  • Eight fixed dual fuel tariffs are due to expire on Monday 31 August;
  • Four of the expiring tariffs will see customers’ average annual energy bills rise by £77.13 (7.1%)*;
  • EDF Energy customers in the East Midlands to be hit the hardest, with a massive £136.59 (13.62%) rise.**
  • Households who don’t shop around could see energy bill rises of up to £136.59 a year, when eight fixed dual fuel tariffs expire at the end of August.

British Gas, EDF Energy, Npower, Sainsbury’s Energy and Flow Energy all have tariffs due to expire at the end of the month, at which point customers will be rolled onto their supplier’s standard tariff.  Where the standard tariff is more expensive than the current fixed deal, households will see a 7.1% (£77.13) average increase on their annual energy bills unless they switch to a better deal.

Households in the East Midlands and who are on the EDF Energy Blue +Price Promise August 2015 tariff will be hit the hardest with a huge £136.59 (13.62%) rise when they are automatically switched to the EDF Energy standard tariff.

Impact of tariffs coming to an end on Monday 31 August (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 & Control Aug 2015

31/08/15

Yes

£1,256.56

£1,156.11

-£100.45

(-7.99%)

British Gas

Fix & Reward August 2015

31/08/15

Yes

£1,192.97

£1,156.11

-£36.86

(-3.09%)

British Gas

Fixed Price August 2015

31/08/15

Yes

£1,084.81

£1,156.11

£71.30

 (6.57%)

EDF Energy

Blue +Price Promise August 2015

31/08/15

Yes

£1,048.77

£1,154.53

£105.76

(10.08%)

Npower

Price Fix August 2015

31/08/15

Yes

£1,119.37

£1,169.33

£49.96 (4.46%)

Sainsbury’s Energy

Fixed Price August 2015

31/08/15

Yes

£1,074.61

£1,156.11

£81.50 (7.05%)

Sainsbury’s Energy

Fix & Reward August 2015

31/08/15

Yes

£1,192.97

£1,156.11

-£36.86

(-3.19%)

Flow Energy

Thames Online Fixed September 2015

31/08/15

Yes

£1,010.07

£913.80

£-96.27

(-9.5%)

While half of the tariffs ending in August will cause significant price rises for households, some customers may see a reduction in their energy bills when their fixed tariff comes to an end. This is because their supplier’s standard tariff is cheaper than the fixed deal they are currently on.

Because of this, customers on the British Gas Fix & Control Aug 2015 and Fix & Reward August 2015 tariffs, as well as households the Sainsbury’s Energy Fix & Reward August 2015, will see their bills drop by £58.06 (4.78%) when their tariffs come to an end. However, they could save more than £300 simply by going online and switching their energy tariff to one of the UK’s current best buys.

Caroline Lloyd, energy spokesperson at Gocompare.com, said: “With the summer months, and school holidays in full swing, it’s understandable that energy bills aren’t at the front of people’s minds. However, it’s important to be an active energy shopper, even when it’s warm outside, as failing to do so could significantly impact households.”

"There are some really competitive energy deals available at the moment, but they won’t be around forever. With potential savings of over £300, households really owe it to themselves to get online and shop around to make sure they’re not paying over the odds for their energy.”

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Tariff type

Annual cost

Early exit fees

GB Energy Supply

Premium Energy Saver

Variable

£870

None

extraenergy

Fresh Fixed Price Nov 2016 v2

Fixed

£893

£25 per fuel

extraenergy

Bright Fixed Price Nov 2016 v2

Fixed

£900

£25 per fuel

Sainsbury's Energy

Fixed Price August 2016

Fixed

£903

£30 per fuel

first:utility

iSave Fixed December 2016

Fixed

£905

£30 per fuel

GnERGY

Fixed September 2016 v1

Fixed

£909

£25 per fuel

extraenergy

Fresh Fixed Price Nov 2016 v1

Fixed

£912

£25 per fuel

Green Star Energy

Rate Saver 12 Month Fixed 2508

Fixed

£913

£30 per fuel

= Flow Energy

Flow Variable

Variable

£914

None

= Flow Energy

Connect

Fixed

£914

None

OVO Energy

Better Energy Fixed (All Online)

Fixed

£918

None



Based on dual fuel, payment by monthly direct debit, averaged across all UK regions and for households with an annual energy usage of 13,500kWh gas and 3,200kWh electricity (medium user). Correct as of 14/08/2015. List excludes collective deals.

To compare energy deals today, visit Gocompare.com's energy comparison service.

For more information, visit Gocompare.com's gas and electricty guides.

-ends-

Notes to editors:

*Average increase across all UK regions and across tariffs coming to an end where there will be a price increase as a result of the supplier’s standard tariff being more expensive on 31 August 2015 deal is (7.1%) or £77.13.

** 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 East Midlands distribution area. The EDF Energy Blue +Price Promise August 2015 tariff has an average annual cost of £1,003.13 for East Midlands customers. The EDF Energy standard tariff has an average annual cost of £1,139.72 for East Midlands customers, a £136.59 difference (13.62%)