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UK households are just days away from energy price hikes of up £207.99 a year as five fixed tariffs end on June 30th

25 June 2015
  • Five fixed deals ending will see an average annual rise of £97.55 (9.21%)*.
  • EDF customers in the Norweb region face staggering £207.99 (22%) rise.**

In just a few days, many homes across the country will see an average price rise in their energy bills of £97.55 when five fixed tariffs expire at the end of the month.

EDF, Npower, Scottish Power and First:Utility all have tariffs due to expire at the end of June, which means that customers who fail to shop around and switch to a better deal will face an average 9.21% increase in their energy bills when they are rolled onto their suppliers’ standard tariffs.

Customers in the Norweb region (which includes Manchester, Bolton and Lancaster) are set to be hit the hardest. Households in the region which are currently on the expiring EDF Fixed Price 2015 tariff, will see a huge £207.99 (22%) average rise in their energy bills when they are automatically rolled onto EDF’s £1,154.52 a year standard variable tariff.

Impact of tariffs coming to an end on Tuesday 30 June (based on a medium user – 3,200 kWh of electricity and 13,500 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 %)

EDF

Fixed Price 2015

30/06/15

Yes

£1,154.53

£180.20 (18.49%)

EDF

Blue +Price Promise June 2015

30/06/15

Yes

1,098.19

£1,154.53

£56.34 (5.13%)

First:Utility

iSave Fixed v12 June 2015

30/06/15

Yes

1,052.14

£1,134.85

£82.70 (7.29%)

Npower

Online Price Fix June 2015

30/06/15

Yes

1,086.37

1,169.33

£82.96 (7.64%)

Scottish Power

Online Fixed Price Energy June 2015

30/06/15

Yes

1,080.85

1,166.37

£85.52 (7.91%)

Isupply

iFix (pre 22nd May 2014)

30/06/15

No

£61.65 (13.75%)



 

Caroline Lloyd, energy spokesperson at Gocompare.com, said: “With some very competitive tariffs on the market at the moment, households are really doing themselves a disservice by not shopping around when their fixed tariff expires. With warmer weather on the way the last thing on most people’s minds is heating bills. However, tariff changes during the summer months could have big implications for upcoming winter bills.

“It only takes a few minutes and an energy bill to get online and find out if you could be getting a better deal on your energy elsewhere. With some tariffs costing less than £1,000 a year, some households could see significant savings by switching.”

For more information on switching energy supplier, read Gocompare.com’s gas and electricity guide.

-ends-

Notes to editors:

*Average increase across all UK regions and across all tariffs coming to an end on 30 June 2015 where the standard tariff is more expensive than the fixed deal is 9.21% or £97.55

** based on a medium user – 3,200 kWh of electricity and 13,500 kWh of gas per year – paying by monthly direct debit, living in the Norweb distribution area. The EDF Energy Fixed Price 2015 has an average annual cost of £944.50 for Norweb customers. The EDF standard tariff has an average annual cost of £1,152.49 for Norweb customers, a difference of £207.99 (22.02%).