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Ditch these fixed energy tariffs or your bills could rise by up to £219.39* at the end of the month

25 January 2017

Households could be hit with annual energy rises of £219.39 on average as several fixed dual fuel energy tariffs come to an end on 31st January.

  • 20 fixed dual fuel tariffs expire on Tuesday 31st January (16 of which will see bills rise if customers don’t switch)
  • Households face an average rise of £219.39* (26.1%) when they are rolled onto their supplier’s standard variable tariff
  • However, the worst hit customers face a £385.09 (46.05%) price hike
  • Suppliers with tariffs ending include: EDF, Co-operative, Npower and Better Energy

Households could be hit with annual energy rises of £219.39* on average as several fixed dual fuel energy tariffs come to an end on 31st January. Research from Gocompare.com Energy has found that of the 20 dual fuel tariffs expiring this month, 16 will see price increases if customers allow themselves to be automatically rolled onto their supplier’s standard variable tariff.

Customers on Extra Energy’s Fresh Fixed Price Jan 2017 v1, Festive Fuel Fixed Price Jan 2017 v1 and Festive Fuel Fixed Price Jan 2017 v2 tariffs will see the biggest average annual rise, with bills set to leap by a staggering £335.83 (42.31%). However, customers on First Utility’s iSave Fixed January 2017 tariff  in the Norweb region - which includes Cumbria, Lancashire, Greater Manchester, Derbyshire, Cheshire and parts of North Yorkshire - will see the largest annual average regional rise of £385.09 (46.05%).

Impact of tariffs ending on 31 January 2017 (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 ending

End date

Dual fuel?

Annual cost

Annual cost of standard tariff

Difference (£ and %)

Better Energy

Online Fixed January 2017

31stJanuary 2017

No

£363.30

£497.18

£133.88 (36.85%)

Better Energy

Postal Fixed January 2017

31stJanuary 2017

No

£382.46

£497.18

£114.72 (30%)

Co-operative

Co-op Online January 2017

31stJanuary 2017

Yes

£831.97

£1,089.00

£257.03 (30.89%)

EDF Energy

Blue+ Fixed Price January 2017

31stJanuary 2017

Yes

£1,006.18

£1,069.31

£63.13 (6.27%)

EDF Energy

Blue+ Price Promise January 2017

31stJanuary 2017

Yes

£883.86

£1,069.31

£185.45 (20.98%)

Extra Energy

Bright Fixed Price 1 January 2017 v.1

31stJanuary 2017

Yes

£829.75

£1,129.51

£299.76 (36.13%)

Extra Energy

Clear Fixed Price  January 2017 v.1

31stJanuary 2017

Yes

£800.76

 

£1,129.51

 

£328.75 (41.05%)

 

Extra Energy

Fresh Fixed Price January 2017 v.1

31stJanuary 2017

Yes

£793.68

 

£1,129.51

 

£335.83 (42.31%)

 

Extra Energy

Festive Fuel Fixed Price January 2017 v.1

31stJanuary 2017

Yes

£793.68

 

£1,129.51

 

£335.83 (42.31%)

 

Extra Energy

Fresh Fixed Price January 2017 v.2

31stJanuary 2017

Yes

£793.68

 

£1,129.51

 

£335.83 (42.31%)

 

First Utility

iSave Fixed January 2017

31stJanuary 2017

Yes

£828.26

£1,046.70

£218.44 (26.37%)

Flow Energy

Connect 4 January 2017

31stJanuary 2017

Yes

£824.32

£871.67

£47.35 (5.74%)

iSupplyEnergy

iFix January 2017

 

31stJanuary 2017

No

£411.36

£496.79

£85.43 (20.77%)

iFix Direct January 2017

iFix Direct January 2017

31stJanuary 2017

No

£387.66

£496.79

£109.13 (28.15%)

Npower

Online Price Fix January 2017

31stJanuary 2017

Yes

£921.06

£1,077.25

£156.19 (16.96%)

Npower

Fixed Energy Online January 2017

31stJanuary 2017

Yes

£815.85

£1,077.25

£261.40 (32.04%)

Places for People Energy

Together fixed 27 Paperless January 2017

31stJanuary 2017

Yes

£801.96

£891.08

£89.12 (11.11%)

Places for People Energy

Together fixed 27 Paper billing  January 2017

31stJanuary 2017

Yes

£809.46

£898.58

£89.12 (11.01%)

Places for People Energy

Together - January 2017 -fixed 28

31stJanuary 2017

Yes

£794.46

£1,091.16

£296.70 (37.35%)

Scottish Power

Online Fixed Price Energy January 2017

31stJanuary 2017

Yes

£870.28

£1,080.57

£210.29 (24.16%)



While the majority of the tariffs ending this month will see dramatic price rises, not all expiring tariffs will result in increased bills. Those on First Utility’s iSave fixed v39 January 2017, British Gas’s Fixed Price January 2017 and Fix and Reward January 2017 tariffs will see their bills fall on average by £51.61***. However, this could mean that they are already paying more than they need to be for their energy and could save as much as £305** by shopping around for a new supplier. Ben Wilson, Gocompare.com Energy spokesperson commented: “Recent research from Gocompare.com found that over a third of people said they needed to reduce their outgoings in 2017**** and with a number of fixed tariffs coming to an end now is the perfect time to act.

“Some households could be just days away from paying hundreds of pounds more than necessary on their energy bills, if they allow themselves to be rolled onto their supplier’s standard variable tariff. “Comparing tariffs and switching to a new deal doesn’t take long, and people can typically save up to £305** by doing so. So whether your fixed deal is coming to end, or you've been with your provider for as long as you can remember – it could be worth taking a couple of minutes out of your day and find out how much you could save.”

Top 10 cheapest fixed dual fuel energy tariffs

Supplier

Tariff

Average Cost

Fixed or variable

Cancellation penalties

Iresa Limited

IRESA Flex4 12month Fixed Direct Debit

£833.72

Fixed

None

White Rose Energy

White Rose Energy Fluid

£864.15

Variable

None

Toto Energy

Go with the flow – Smart direct debit

£880.16

Variable

None

Toto Energy

Go with the flow - Direct Debit

£884.81

Variable

None

Economy Energy

Direct Saver 2017 (v2)

£889.07

Fixed

£25

Avro Energy

Simple and Savvy

£889.99

Fixed

None

So Energy

So Gorilla

£896.62

Fixed

£5

iSupply

iFix 12-Month Jan18 v2

£902.41

Fixed

£30

Places for People

Together - February 2018 - fixed 44 Paperless

£903.17

Fixed

£20

Robin Hood Energy

Evergreen

£904

Variable

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 24/01/2017. Excludes collective tariffs.

For more information on switching, read Gocompare.com’s guides for more information on switching energy supplier

- ENDS -

Notes to editors:

*Average increase across all UK regions and across all dual fuel tariffs coming to an end on 31 December 2016 where the standard tariff is more expensive than the fixed deal is £219.39 (26.1%)

**Based on Gocompare.com data At least 51% of customers who provided their energy usage and received a price for switching energy supplier for both gas and electricity with Gocompare.com saved £305 or more (1st July - 30th September 2016)

***Customers on First Utilities iSave Fixed v39 tariff and rolled onto the First Variable save on average £3.63 on their bill. Customers on British Gas’ Fixed Price January 2017 and rolled onto the Standard tariff save on average £119.91. Customers on British Gas’ Fix and Reward January 2017 tariff and rolled on to the Standard tariff save on average £31.31. The average of these 3 savings is £51.61

****On 1 December 2016, Bilendi conducted an online survey among 2,006 randomly selected British adults who are Maximiles UK panelists.  The margin of error-which measures sampling variability-is +/- 2.2%. The results have been statistically weighted according to the most current education, age, gender and regional data to ensure samples representative of the entire adult population of United Kingdom. Discrepancies in or between totals are due to rounding.