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Household energy bills to rise by £206 next week as 26 fixed dual fuel tariffs expire

27 January 2016

26 fixed tariffs end on 31 January, which could see household energy bills increase by £206 (22.5%) on average if customers  don’t shop around*

  • 26 fixed dual fuel tariffs expire on Sunday 31 January.
  • 22 of these expiring tariffs will result in higher bills if customers are rolled onto their suppliers’ variable tariffs.
  • Energy suppliers Co-operative Energy Extra Energy, First:Utility, M&S Energy,  Npower, Sainsbury’s Energy & Scottish Power have tariffs due to end.
  • Extra Energy customers on the Fresh Fixed Price Jan 2016 v10 will see the largest average rise of £258 (29.6%).**
  • Customers could save as much as £292 by switching supplier***

Families could see their energy bills jump by £206.72 if they don’t switch tariffs when 26 fixed energy deals expire at the end of the week.

Energy suppliers Co-operative Energy Extra Energy, First:Utility, M&S Energy,  Npower, Sainsbury’s Energy & Scottish Power all have tariffs due to end at which point customers will be automatically rolled onto their supplier’s standard variable tariff, which could result in average annual increases of 22.53%.

Extra Energy customers on the Fresh Fixed Price Jan 2016 v10 tariffcan expect to see the biggest average annual rise of £258.26 (29.64%) to their annual energy bills if they are rolled onto the supplier’s Variable Price v1 standardtariff at the end of the week.

Not all tariffs ending in January will result in a price increase. Those on M&S Energy’s Fix & More Jan 16 Paperless Billing and Fix & More Jan 16 Paper Billing tariffs, the iSave Fixed v10 January 2016 tariff from First: Utility and Scottish Power’s Fixed Price Energy February 2016 Online will see their bills fall slightly when their tariffs expire on 31 January. This is because the suppliers’ standard variable tariffs are cheaper than the fixed deal they are currently on. However, these customers can only expect to save between £4.22 to £29.30, depending on their provider, which pales in comparison to the hundreds of pounds they could save by shopping around for a new deal.

Impact of tariffs coming to an end on Sunday 31 January (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-operative Energy

Fair & Square January 2016

31/01/16

Yes

£962.84

£1,119.37

£156.53 (16.26%)

Extra Energy

Big Deal SaverPlus Collective Dec 2015 v1

 31/01/16

Yes

£904.06

£1,129.51

£225.45 (24.94%)

Extra Energy

Bright Fixed Price Jan 2016 v1

31/01/16

Yes

£954.02

£1,129.51

£175.49 (18.40%)

Extra Energy

Fresh Fixed Price Jan 2016 v1

31/01/16

Yes

£914.30

£1,129.51

£215.22 (23.54%)

Extra Energy

Merry Christmas Fixed Price Jan 2016 v1

 31/01/16

Yes

£906.23

£1,129.51

£223.28 (24.64%)

Extra Energy

Merry Christmas Fixed Price Jan 2016 v2

 31/01/16

Yes

£905.94

£1,129.51

£223.58 (24.68%)

Extra Energy

Merry Christmas Fixed Price Jan 2016 v3

 

31/01/16

Yes

£907.33

£1,129.51

£222.18 (24.49%)

Extra Energy

Fresh Fixed Price Jan 2016 v5

31/01/16

Yes

£894.46

£1,129.51

£235.06 (26.28%)

Extra Energy

Bright Fixed Price Jan 2016 v6

31/01/16

Yes

£894.37

£1,129.51

£235.14 (26.29%)

Extra Energy

Fresh Fixed Price Jan 2016 v6

31/01/16

Yes

£892.99

£1,129.51

£236.53 (26.49%)

Extra Energy

Bright Fixed Price Jan 2016 v7

31/01/16

Yes

£894.37

£1,129.51

£235.14 (26.29%)

Extra Energy

Fresh Fixed Price Jan 2016 v7

31/01/16

Yes

£890.50

£1,129.51

£239.02 (26.84%)

Extra Energy

Bright Fixed Price Jan 2016 v8

31/01/16

Yes

£882.55

£1,129.51

£246.96 (27.98%)

Extra Energy

Fresh Fixed Price Jan 2016 v8

31/01/16

Yes

£876.59

£1,129.51

£252.92 (28.85%)

Extra Energy

Bright Fixed Price Jan 2016 v9

31/01/16

Yes

£877.87

£1,129.51

£251.65 (28.67%)

Extra Energy

Fresh Fixed Price Jan 2016 v9

31/01/16

Yes

£872.30

£1,129.51

£257.22 (29.49%)

Extra Energy

Fresh Fixed Price Jan 2016 v10

31/01/16

Yes

£871.26

£1,129.51

£258.26 (29.64%)

First Utility

iSave Fixed v10 January 2016

31/01/16

Yes

£1,093.52

£1,084.26

-£9.26 (-0.85%)

M&S Energy

Fix & More Jan 16 Paperless Billing

31/01/16

Yes

£1,117.77

£1,088.47

-£29.30 (-2.62%)

M&S Energy

Fix & More Jan 16 Paper Billing

31/01/16

Yes

£1,129.81

£1,100.51

-£29.30 (-2.59%)

NPower

Online Price Fix January 2016

31/01/16

Yes

£921.88

£1,109.65

£187.77 (20.37%)

Sainsbury's Energy

Fixed Price January 2016

31/01/16

Yes

£951.32

£1,100.92

£149.60 (13.59%)

Sainsbury's Energy

Fixed Price Energy February 2016

31/01/16

Yes

£975.93

£1,100.92

£124.99 (11.35%)

Scottish Power

Fixed Price Energy February 2016 Online

31/01/16

Yes

£1,117.47

£1,113.25

-£4.22 (-0.38%)

Scottish Power

Fresh Fixed Price Jan 2016 v10

31/01/16

Yes

£1,106.97

£1,113.25

£6.28 (0.57%)

Scottish Power

Online Fixed Price Energy January 2016

31/01/16

Yes

£923.74

£1,113.25

£189.52 (20.52%)



Ben Wilson, energy spokesperson at Gocompare.com, said: “Some households could be just days away from paying hundreds of pounds more for their energy unnecessarily, if they don’t act when their fixed tariff comes to an end.  

“With more winter weather to come, many of us will be switching the heating on to shut out the cold. That’s why it’s so important, particularly right now, to make sure you’re not paying more than you have to for your energy.

“While some big energy providers have started to lower the cost of their variable tariffs, the likelihood is customers could be saving significantly more by switching.  Customers who compare energy deals with Gocompare.com could save as much as £292. Finding a new energy supplier only takes a few minutes, and with a range of really competitive tariffs available at the moment, it makes sense to be an active energy shopper.”

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Tariff Type

Annual cost

Early exit fees

extraenergy

Fresh Fixed Price Feb 2017 v4

Fixed

£768

£25 per fuel

E.ON

Fixed 1 Year v19 Paperless Billing

Fixed

£769

£30 per fuel

extraenergy

Clear Fixed Price Feb 2017 v3

Fixed

£772

£25 per fuel

SSE

SSE 1 Year Fixed v4

Fixed

£775

£30 per fuel

GB Energy Supply

Premium Energy Saver

Variable

£787

None

Places for People Energy

Together - February 2017 - fixed 30

Fixed

£794

£30 per fuel

Avro Energy

Simple and Save

Variable

£795

None

GB Energy Supply

Fixed 12 Emerald

Fixed

£799

None

GnERGY

Fixed February 2017 v1

Fixed

£802

£25 per fuel

iSupplyEnergy

iFix February 2017

Fixed

£804

£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 27/01/2016.Excludes collective tariffs.

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

- 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 £206.72 (22.53%).

** 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 Fresh Fixed Price Jan 2016 v10 could see an average annual rise of £258.26 (29.64%)  when they are moved from their current tariff, which has an annual average cost of £871.26to Extra Energy’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