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Halloween horror as energy bills rise by up to £383* in October

17 October 2016

14 fixed dual fuel tariffs are ending on 31 October, which will see customers’ bills increase by an average of 13.65% if they don’t shop around for a better deal

  • 14 fixed dual fuel tariffs end on the 31 October.
  • Households face an average rise of £122.82** (13.65%) when they are rolled onto their supplier’s standard variable tariff.
  • Scottish Power customers on the Online Fixed Price Energy October 2016 tariff will see the largest average UK rise of £196.71 (22.26%).

Households could be set for a fright this Halloween when energy bills leap by £122.82 (13.65%) as 14 fixed dual fuel deals expire on 31 October. However, customers could save as much as £366*** by shopping around for a better deal.

Gocompare.com Energy found that of the 14 dual fuel tariffs set to expire, 11 will result in higher bills for customers if they allow themselves be rolled onto their supplier’s standard tariff. Suppliers with tariffs coming to an end include; Co-operative Energy, EDF Energy, First: Utility, Flow Energy, Npower, Sainsbury’s Energy and Scottish Power.

Scottish Power customers on the Online Fixed Price Energy October 2016 tariff will see the largest average UK rise of £196.71 (22.26%). However, First: Utility customers on the iSave Fixed October 2016 v2 tariff who live in the Norweb region - which includes Cumbria, Lancashire, Greater Manchester, Derbyshire, Cheshire and parts of North Yorkshire -  will see the largest average regional increase and can expect a price rise of up to £382.89 (45.67%).

Impact of tariffs ending on 31 October 2016 (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 %)

Better Energy

Online Fixed Oct16

31/10/2016

No

£392.18

£497.18

£105 (26.77%)

Co-operative

Fair & Square October 2016

31/10/2016

Yes

£900.69

£1,089.00

£188.31 (20.91%)

EDF Energy

Blue+Fixed Prepay October 2016

31/10/2016

Yes

£1,178.34

£1,069.31

-£109.03 (-9.25%)

First:Utility

iSave Fixed v28 October 2016

31/10/2016

Yes

£1,047.32

£1,046.70

-£0.62 (-0.06%)

First:Utility

iSave Fixed October 2016

31/10/2016

Yes

£887.23

£1,046.70

£159.47

(17.97%)

First:Utility

iSave Fixed October 2016 v2

31/10/2016

Yes

£851.57

£1,046.70

£195.13

(22.91%)

Flow energy

Connect 2

31/10/2016

Yes

£847.87

£871.67

£23.80 (2.81%)

Flow energy

Connect 3

31/10/2016

Yes

£835.82

£871.67

£35.85 (4.29%)

iSupplyEnergy

iFix October 2016

31/10/2016

No

£419.96

£496.79

£76.83 (18.29%)

iSupplyEnergy

iFix Direct October 2016

31/10/2016

No

£403.99

£496.79

£92.80 (22.97%)

Npower

Intelligent Control October 2016

31/10/2016

Yes

£1,108.37

£1,077.25

-£31.12 (-2.81%)

Npower

Online Price Fix October 2016

31/10/2016

Yes

£940.12

£1,077.25

£137.13 (14.59%)

Npower

Fixed Energy Online October 2016

31/10/2016

Yes

£994.48

£1,077.25

£82.77 (8.32%)

Sainsbury's Energy

Price Promise October 2016

31/10/2016

Yes

£919.34

£1,044.11

£124.77 (13.57%)

Sainsbury's Energy

Price Freeze October 2016

31/10/2016

Yes

£986.38

£1,044.11

£57.73 (5.85%)

Sainsbury's Energy

SE Fixed Price October 2016

31/10/2016

Yes

£894.81

£1,044.11

£149.30 (16.68%)

Scottish Power

Online Fixed Price Energy October 2016

31/10/2016

Yes

£883.86

£1,080.57

£196.71 (22.26%)



Ben Wilson, energy spokesperson at Gocompare.com, said: “With autumn well underway many families will be firing up the thermostat over the next few weeks. Research found that Sunday 16 October was when the majority of people turned on their central heating, so now is the ideal time to shop around and ensure that you’re not paying over the odds for your energy.

“While putting on an extra jumper could help save a little bit of money, you could save hundreds of pounds just by taking a few minutes to switch your energy supplier. Half of customers who switch their gas and electricity with Gocompare.com save at least £366***.

“Comparing and switching tariffs is quick and easy to do, there should be no disruption to your energy supply and you won't even need to contact your existing provider to end your contract – your new supplier will take care of that for you, so just sit back, turn the heating on and let the savings roll in.”

Top 10 cheapest energy tariffs

Supplier

Tariff

Average Cost

Fixed or Variable

Cancellation Penalties

Iresa

Flex2 12month Fixed Direct Debit

£744

Fixed

None

SSE

Exclusive 1 Year Fixed**

£759

Fixed

£30 per fuel

GnERGY

GnERGY Fixed December 2017 v1

£763

Fixed

£25 per fuel

Avro Energy

Simple and Select

£770

Fixed

None

Affect Energy

Fixed Saver October 2017

£778

Fixed

£25 per fuel

EDF Energy

Simply Fixed October 2017v2

£780

Fixed

£25 per fuel

SSE

SSE 1 Year Fixed v8

£782

Fixed

£30 per fuel

E.ON E.ON Saver Fixed 1 Year v4

£785

Fixed

£30 per fuel

Flow Energy

Connect 10

£793

Fixed

£30 per fuel

Sainsbury's Energy

Fixed Price October 2017

£804

Fixed

£20 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 17/10/2016. Excludes collective tariffs.

Read Gocompare.com’s guides for more information on switching energy supplier.

- ENDS -

Notes to editors:

*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 regionsFirst: Utility customers in the Norweb region when they are moved from their current tariff, which has an annual average cost of £838.37 to the First: Utility standard variable tariff, which has an average annual cost of £1,221.26.

**Average increase across all UK regions and across all dual fuel tariffs coming to an end on 31 October 2016 where the standard tariff is more expensive than the fixed deal is £122.82 (13.65%)

***At least 51% of customers who received a price for switching energy supplier for both gas and electricity with Gocompare.com saved £366 or more (1st April - 30th June 2016)