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Energy price rises of up to £377 as 29 energy deals expire*

31 March 2016

29 fixed tariffs end on 31 March, resulting in an average price rise of up to £161.96 (17.42%) if families don't shop around

  • A staggering 29 fixed dual fuel tariffs expire on Thursday 31 March
  •  23 of these expiring tariffs will result in higher bills if customers are rolled onto their suppliers' variable tariffs.
  •  Four of the 'Big Six' providers; British Gas, EDF Energy, Scottish Power and Npower have tariffs due to end.
  •  First:Utility customers based in the Norweb region and on the iSave Fixed v46 March 2016 tariff will see the largest average rise of £377.19 (44.69%)

Household energy bills are set to rise by as much as £377 as a slew of fixed energy deals come to an end on Thursday (31st March). On average bills will jump by up to £161.96 if households allow themselves to get rolled onto their supplier's standard variable tariff when their fixed deal expires.

British Gas, Co-operative Energy, EDF Energy, Extra Energy, First:Utility, Flow Energy, Npower, Sainsbury's Energy & Scottish Power all have tariffs expiring on Thursday. Despite some providers announcing price cuts at the beginning of 2016, households will be, on average, £161.96 worse off if they are switched to their supplier's standard variable tariff.

First:Utility customers in the Norweb region and on the iSave Fixed v46 March 2016 tariff will see the biggest average regional increase of £377.19 (44.69%) to their annual energy bills if they are rolled onto First:Utility's  First Variable standard tariff at the end of the week.

Extra Energy customers on the Clear Fixed Price March 2016 v4 will see the largest average increase across all regions when their tariff expires and they are rolled on Extra Energy's standard variable tariff. Households on the tariff will see an average increase of £252.42
(28.78%).


Impact of tariffs coming to an end on Thursday 31 March (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

Fixed Price March 2016

31/03 /16

Yes

£1,195.21

£1044.11

-£151.10

(-12.64)

British Gas

Fixed Price Energy March 2016 with EnergySmart

31/03 /16

Yes

£1,195.21


£1044.11

-£151.10

(-12.64)

British Gas

Fix & Reward March 2016

31/03 /16

Yes

£1,135.05

£1044.11

-£90.94
(-8.01%)

British Gas

Fix & Fall March 2016

31/03 /16

Yes

£1,044.11

£1044.11

£0.00
(0.00%)

British Gas

Price Protection March 2016

31/03 /16

Yes

£1,046.93

£1044.11

-£2.82
(-0.26%)

Co-operative Energy

Fixed Price March 2016

31/03 /16

Yes

£1,073.04

£1,119.37

£46.33
(4.32%)

Co-operative Energy

Fixed Price March 2016 Paper Billing

31/03 /16

Yes

£1073.04

£1,119.37

£46.33
(4.32%)

EDF Energy

Blue +Price Promise March 2016

31/03 /16

Yes

£991.50

£1,100.41

£108.91
(10.98%)

Extra Energy

Bright Fixed Price March 2016 v1

31/03 /16

Yes

£917.68

£1,129.51

£211.83
(23.08%)

Extra Energy

Fresh Fixed Price March 2016 v1

31/03 /16

Yes

£906.74

£1,129.51

£222.78
(24.57%)

Extra Energy

Fresh Fixed Price March 2016 v2

31/03 /16

Yes

£906.14

£1,129.51

£223.38
(24.65%)

Extra Energy

Clear Fixed Price March 2016 v1

31/03/16

Yes

£894.93

£1,129.51

£234.58
(26.21%)

Extra Energy

Clear Fixed Price March 2016 v2

31/03 /16

Yes

£893.48

£1,129.51

£236.03
(26.42%)

Extra Energy

Clear Fixed Price March 2016 v3

31/03 /16

Yes

£893.48

£1,129.51

£236.03
(26.42%)

Extra Energy

Clear Fixed Price March 2016 v4

 



31/03 /16

Yes

£877.09

£1,129.51

£252.42
(28.78%)

Extra Energy

Clear Fixed Price March 2016 v5

 



31/03 /16

Yes

£877.24

£1,129.51

£252.27
(28.76%)

Extra Energy

Fresh Fixed Price March 2016 v3

31/03 /16

Yes

£877.18

£1,129.51

£252.33
(28.77%)

First Utility

iSave Fixed v37 March 2016

31/03 /16

Yes

£914.51

£1,046.70

£132.19
(14.45%)

First Utility

iSave Fixed v41 March 2016

31/03 /16

Yes

£907.14

£1,046.70

£139.56
(15.39%)

First Utility

iSave Fixed v42 March 2016

31/03 /16

Yes

£893.99

£1,046.70

£152.72
(17.08%)

First Utility

iSave Fixed v44 March 2016

31/03 /16

Yes

£877.59

£1,046.70

£169.11
(19.27%)

First Utility

iSave Fixed v45 March 2016

31/03 /16

Yes

£907.53

£1,046.70

£139.17
(15.33%)

First Utility

iSave Fixed v46 March 2016

31/03 /16

Yes

£846.46

£1,046.70

£197.24
(23.22%)

Flow Energy

Together Online Fixed March 2016

31/03 /16

Yes

£969.31

£871.67

-£97.65
(-11.20%)

Flow Energy

Connect

31/03 /16

Yes

£871.66

£871.67

£0.00
(0.00%)

iSupply Energy

iFix March 2016

31/03 /16

No

£419.45

£496.79

£77.22
(18.44%)

iSupply Energy

iFix Direct March 2016

31/03 /16

No

£406.11

£496.79

£90.67
(22.33%)

Npower

Price Fix March 2016

31/03 /16

Yes

£1,079.77

£1,109,65

£29.88
(2.77%)

Sainsbury's Energy

Fix & Reward March 2016

31/03 /16

Yes

£1,038.71

£1044.11

£5.40
(0.51%)

Sainsbury's Energy

Fixed Price March 2016

31/03 /16

Yes

£905.82

£1044.11

£138.29
(15.26%)

Sainsbury's Energy

Price Freeze March 2016

 



31/03 /16

Yes

£954.35

£1044.11

£89.76
(9.40%)

Scottish Power

Online Fixed Price Energy March 2016

31/03 /16

Yes

£875.02

£1,080.57

£205.56
(23.49%)



Not all tariffs ending will result in price rises. This is because in some instances the supplier's standard variable tariff is cheaper than the fixed deal that is expiring. For instance, depending on their tariff, British Gas customers could see their bills fall by as much as £151.10, on average. However despite this drop in their energy bills, they could save even more by shopping around and switching to one of the best buys available at the moment.

Ben Wilson, energy spokesperson at Gocompare.com, said: "The recent stormy weather has served as a reminder to many of us of how quick the weather can change, even when we're out of the winter months.

"While we tend to forget about our energy bills as the warmer weather comes in, it's important to keep on top of when your fixed deal expires to ensure you're not paying over the odds for your energy all year round.

"Gocompare.com research shows that households could save as much as £292*** by switching energy supplier**, so whether you've been with the same suppler for a few years or you're one of the households across the country with an expiring fixed deal, the few minutes you spend comparing deals could make a big difference to your bank balance."

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Tariff Type

Annual cost

Early exit fees

Avro Energy

Simple and Fix

Fixed

£749

None

Places for People Energy

Together - September 2017 - fixed 32

Fixed

£752

£30 per fuel

Flow Energy

Connect 6

Fixed

£752

£30 per fuel

So Energy

So Crocodile

Fixed

£754

£5 per fuel

iSupplyEnergy

iFix April 2017

Fixed

£758

£30 per fuel

GnERGY

Fixed April 2017

Fixed

£764

£25 per fuel

GB Energy Supply

Fixed 12 Sapphire

Fixed

£765

None

GB Energy Supply

Premium Energy Saver

Variable

£765

None

Avro Energy

Simple and Save

Variable

£766

None

First:Utility

First Fixed May 2017

Fixed

£770

£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 29/03/2016. Excludes collective tariffs.

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

-ENDS-

Notes to editors:

*Average increase across all UK regions and across all tariffs coming to an end on 31 January 2015 where the standard tariff is more expensive than the fixed deal is £160.19 (17.13%).

** Based on a medium user - 3,100 kWh of electricity and 12,500 kWh of gas per year - paying by monthly direct debit. Customers based in the Norweb region and on the iSave Fixed v46 March 2016 tariff will see the largest average rise of £377.19 (44.69%) when they are moved from their current tariff, which has an annual average cost of £871.26 to First:Utilitiy's standard variable tariff which has an average cost of £1,129.51.

***Based on Gocompare.com data. At least 51% of customers who received a price for switching energy supplier for both gas and electricity with Gocompare.com saved £292 from 01 July - 30 September 2015