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Summer shock as energy bills jump by up to £264.61 in June*

16 June 2016

16 fixed tariffs end on 30 June, which will see price rises of 12.24% or £97.92

  • 16 fixed dual fuel tariffs expire on Thursday 30 June
  • Nine of the expiring tariffs will result in higher bills if customers are rolled onto their suppliers' variable tariffs.
  • British Gas, EDF Energy, Npower, Ovo Energy, Sainsbury's Energy and Scottish Power all have tariffs ending.
  • Npower customers in the Midlands on the Fixed Energy June 2016 tariff will see the largest average regional rise of £264.61 (31.75%)**

Families could be hit with annual energy price rises of up to £264.61 this summer as several fixed dual fuel energy tariffs come to an end on 30 June. Of the 16 fixed deals expiring, nine will result in homes paying more for their energy if they allow themselves to be automatically rolled onto their supplier's standard variable tariff.

British Gas, EDF Energy, Npower, Ovo Energy, Sainsbury's Energy and Scottish Power all have tariffs due to expire, resulting an average annual rise of £97.92 (12.24%).  Those biggest hit will be Npower customers in the Midlands on the Fixed Energy June 2016 who will see an average increase of £264.61 (31.75%).

Impact of tariffs coming to an end on Thursday 30 June (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

Fix & Fall June 2016

30/06 /16

Yes

£1,044.11

£1,044.11

£0.00

0.00%)

British Gas

Fix & Reward June 2016

30/06 /16

Yes

£1,100.92

£1,044.11

-£56.81

(-5.16%)

EDF Energy

Blue+Price Promise June 2016

30/06 /16

Yes

£921.18

£1,069.31

£148.12
(16.08%)

iSupplyEnergy

iFix June 2016

30/06 /16

No

£422.41

£496.79

£74.38
(17.61%)

iSupplyEnergy

iFix Direct June 2016

30/06 /16

No

£407.81

£496.79

£88.98
(21.82%)

iSupplyEnergy

iFix June 2016 v2

30/06 /16

No

£418.66

£496.79

£78.12
(18.66%)

iSupplyEnergy

iFix Direct June 2016 v2

30/06 /16

No

£402.83

£496.79

£93.96
(23.32%)

Npower

Price Fix June 2016

30/06 /16

Yes

£1,048.63

£1,077.25

£28.62
(2.73%)

Npower

Fixed Energy June 2016

30/06 /16

Yes

£909.55

£1,077.25

£167.70
(18.44%)

Ovo Energy

Better Energy (Fixed to June 2016) pre 15 May 2014

30/06 /16

Yes

£1,099.15

£1,063.36

-£35.80
(-3.26%)

Ovo Energy

Cheaper Energy (Fixed to June 2016) pre 15 May 2014

30/06 /16

Yes

£1,039.15

£1,063.36

£24.20
(2.33%)

Ovo Energy

Better Energy (Fixed to June 2016) (pre 8th July 2014)

30/06 /16

Yes

£1,130.12

£1,063.36

-£66.77
-(5.91%)

Ovo Energy

Cheaper Energy (Fixed to June 2016) (pre 8th July 2014)

30/06 /16

Yes

£1,070.12

£1,063.36

-£6.77
(-0.63%)

Ovo Energy

Better Energy (Fixed to June 2016)

30/06 /16

Yes

£1,112.29

£1,063.36

-£48.93
(-4.40%)

Ovo Energy

Cheaper Energy (Fixed to June 2016)

30/06 /16

Yes

£1,052.29

£1,063.36

£11.07
(1.05%)

Sainsbury's Energy

Price Promise June 2016

30/06 /16

Yes

£947.48

£1,044.11

£96.62
(9.25%)

Sainsbury's Energy

Price Freeze June 2016

30/06 /16

Yes

£963.95

£1,044.11

£80.16
(7.68%)

Sainsbury's Energy

Fixed Price June 2016

30/06 /16

Yes

£902.77

£1,044.11

£141.34
(13.54%)

Scottish Power

Fixed Price Energy June 2016

30/06 /16

Yes

£1,109.46

£1,080.57

-£28.88
(-2.60%)

Scottish Power

Fixed Price Energy June 2016 Online

30/06 /16

Yes

£1,098.96

£1,080.57

-£18.38
(-1.67%)

Scottish Power

Online Fixed Price Energy June 2016

30/06 /16

Yes

£897.10

£1,080.57

£183.47
(20.45%)



While many households will see their energy bills jump up when their tariffs expires, not all tariffs ending in June 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. However, the average amount customers on these deals will save is just £37.48 (3.3%). In comparison, families could save up to £207*** by shopping around for a new energy provider.

Ben Wilson, energy spokesperson at Gocompare.com, said: ""As the summer sets in it can be easy to forget about your energy bills. However, it's important to keep on top of when your fixed deal ends or risk being put on a standard tariff.

"The energy market has changed significantly following the arrival of smaller suppliers who have dominated the best buy tables for quite some time now. While it's tempting to stick to a company with a more established name, these new suppliers are out to lure customers away from the 'big six' and are offering significant saving as an incentive to switch.

"A typical household could save as much as £207*** a year by switching their gas and electricity provider, proving that loyalty doesn't pay when it comes to your energy supplier. Comparing energy tariffs online is quick and easy to do, making it well worth setting aside a few minutes to see how your provider stacks up against the rest of the market."

Top ten cheapest dual fuel tariffs

Supplier

Tariff

Tariff Type

Annual cost

Early exit fees

Iresa

IRESA Flex1 12month Fixed Direct Debit

Fixed

£734

None

GB Energy Supply

Fixed 12 Topaz

Fixed

£735

None

Avro Energy

Simple and Surge

Fixed

£737

None

Sainsbury's Energy

Fixed Price June 2017

Fixed

£750

£30 per fuel

So Energy

So Duck

Fixed

£750

£5 per fuel

Flow Energy

Connect 7

Fixed

£752

£30 per fuel

Flow Energy

Connect 6

Fixed

£752

£30 per fuel

Octopus Energy

Octopus Fixed

Fixed

£763

None

Octopus Energy

Octopus Variable

Fixed

£763

None

GB Energy Supply

Premium Energy Saver

Fixed

£765

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 14/06/2016. Excludes collective tariffs.

Gocompare.com has produced a guide on switching energy supplier.

-ENDS-

Notes to editors:

*Average increase across all UK regions and across all tariffs coming to an end on 30 June 2016 where the standard tariff is more expensive than the fixed deal is 12.24% or £97.92

** Based on a medium user - 3,100 kWh of electricity and 12,500 kWh of gas per year - paying by direct debit. Npower customers in the Midlands distribution area and on the Fixed Energy June 2016 tariff will see the largest average regional rise of £264.61 (31.75%) when they are moved from their current tariff, which has an annual average cost of £833.30 to Npower's standard variable tariff which has an average cost of £1,097.91.

***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 £207 from 01 October - 31 December 2015