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Households to see energy bills rise by as much as £332* as 15 dual fuel energy deals expire

19 September 2016

With 15 dual fuel energy tariffs ending on 30 September, families could see price jumps of up to 43% if they don’t shop around

  • 15 fixed dual fuel tariffs expire on Friday 30th September
  • Nine of the expiring tariffs will result in higher bills if customers are rolled onto standard tariffs
  • Two of the ‘Big Six’ providers, EDF Energy and Scottish Power, have tariffs ending that will result in price increases
  • M&S Energy customers on the Fix & More Sep 16 Paperless Billing will see the largest average UK rise of £285.65, an increase of over a third (36.53%)

Energy bills are set to jump by as much as £332.71 as 15 fixed dual fuel tariffs are set to expire on 30 of September. On average, bills will rise by £165.12 (14.89%)** if customers allow themselves to be rolled onto their supplier’s standard variable tariff when their current deal expires.

Gocompare.com Energy found that of the 15 tariffs set to expire, nine will result in higher bills. M&S Energy customers in the Scottish Hydro region on the Fix & More Sep 16 Paperless Billing tariff will see the largest average regional increase of £332.71 (43.59%).

Two of the ‘Big Six’ suppliers have tariffs ending that will result in price increases: EDF Energy’s Blue+Fixed Price September 2016 and ScottishPower’s Online Fixed Price Energy September 2016 will result in rises of £147.24 (15.97%) and£183.72 (20.49%) respectively.

Impact of tariffs ending on 30September 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 Saver 1

30/09/2016

No

£438.11

£497.18

£59.07 (13.48%)

British Gas

Fix and Reward September 2016

30/09/2016

Yes

£1,075.42

£1,044.11

-£31.31 (-2.92%)

EDF Energy

Blue+Fixed Price September 2016

30/09/2016

Yes

£922.07

£1,069.31

£147.24 (15.97%)

Extra Energy

Secure Long Term Fixed Price Sept 2016 v1

30/09/2016

Yes

£949.17

£1,089.00

£138.88 (14.02%)

Extra Energy

Fresh Fixed Price Sept 2016 v1

30/09/2016

Yes

£871.83

£1,129.51

£257.68 (29.56%)

Extra Energy

Fresh Fixed Price Sept 2016 v2

30/09/2016

Yes

£883.34

£1,129.51

£246.17 (27.87%)

First:Utility

iSave Fixed v21 September 2016

30/09/2016

Yes

£1,018.62

£1,046.70

£28.08 (2.76%)

Gnergy

Fixed September 2016 v1

30/09/2016

Yes

£865.50

£1,105.66

£240.16 (27.75%)

iSupplyEnergy

iFix September 2016

30/09/2016

No

£421.56

£496.79

£75.23 (17.85)

iSupplyEnergy

iFix Direct September 2016

30/09/2016

No

£405.58

£496.79

£91.21 (22.49%)

M&S Energy

Fix & More Sep 16 Paperless Billing

30/09/2016

Yes

£782.04

£1,067.69

£285.65 (36.53%)

M&S Energy

Fix & More Sep 16 Paper Billing

30/09/2016

Yes

£1,100.51

£1,067.69

-£32.82 (-2.98%)

Npower

Price Fix September 2016

30/09/2016

Yes

£1,130.79

£1,077.25

-£53.54 (-4.73%)

Npower

Price Protector September 2016

30/09/2016

Yes

£1,130.79

£1,077.25

-£53.54 (-4.73%)

Sainsbury's Energy

Fixed Price September 2016

30/09/2016

Yes

£875.51

£1,044.11

£168.60 (19.26%)

Scottish Power

Help Beat Cancer Fixed Price Energy September 2016

30/09/2016

Yes

£1,109.46

£1,080.57

-28.89 (-2.60%)

Scottish Power

Help Beat Cancer Fixed Price Energy Sep 2016 Online

30/09/2016

Yes

£1,098.96

£1,080.57

-£18.39 (-1.67%)

Scottish Power

Online Fixed Price Energy September 2016

30/09/2016

Yes

£896.85

£1,080.57

£183.72 20.49%



Not all tariffs ending in September will result in a price increase; this is because the suppliers’ standard variable tariffs are cheaper than the fixed deal the customer is currently on. Three of the ‘Big Six’ suppliers: British Gas, Npower and Scottish Power have tariffs expiring that could see bills reduced by as much as £53.54. However, customers could save as much as £366*** a year by switching their energy supplier.

Ben Wilson, energy spokesperson at Gocompare.com, said: “With darker nights and colder weather, September marks the start of ‘thermostat switch-on season’, where household energy usage starts to increase.

“Therefore, it’s even more important that energy customers avoid paying over the odds by allowing themselves to be rolled over onto expensive variable tariffs when their fixed deal comes to an end.

“Gocompare.com research shows that households could save as much as £366*** by switching energy supplier. That’s a significant amount of money that families are giving needlessly to energy companies.

It only takes a few minutes to compare energy suppliers online and the whole process is quick and easy to do. With such big savings on offer, households owe it to themselves to fire up the computer, tablet or even their smartphone and see if switching provider could make a big difference to their bank balance.

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Average Cost

Fixed or Variable

Fix Period

Cancellation Penalties

SSE

Exclusive 1 Year Fixed**

£759

Fixed

12 Months

£30 per fuel

  

£760

Fixed

12 Months

£30 per fuel

Avro Energy

Simple and Select

£770

Fixed

12 Months

None

GB Energy Supply

Fixed 12 Crystal

£780

Fixed

12 Months

None

So Energy

So Flamingo

£782

Fixed

12 Months

£5 per fuel

SSE

SSE 1 Year Fixed v8

£782

Fixed

12 Months

£30 per fuel

Affect Energy

Fixed Saver August 2017

£784

Fixed

August 31, 2017

£25 per fuel

Places for People Energy

Together - September 2017 - fixed 35

£792

Fixed

September 30, 2017

£30 per fuel

Octopus Energy

Octopus 12M Fixed

£796

Fixed

12 Months

None

Octopus Energy

Flexible Octopus

£806

Variable

12 Months

None



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 15/08/2016. Excludes collective tariffs

For more information read Gocompare.com's guides 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 regions.M&S Energy customers based in the Scottish Hydro region on the Fix & More Sep 16 Paperless Billing could see a rise of £332.71 (43.59%) when they are moved from their current tariff, which has an annual average cost of £763.20 to the M&S standard variable tariff, which has an average annual cost of £1,095.91

**Average increase across all UK regions and across all dual fuel tariffs coming to an end on 30 September 2016 where the standard tariff is more expensive than the fixed deal is £165.12 (14.89%)

*** 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)