Are you on one of these energy plans?

You could be in line for a £219 increase on your gas and electricity bill when your tariff ends this month

Energy plans ending can result in substantial bill increases

Energy plans ending can result in substantial bill increases

Update – This article was updated on the 14/03/14 to reflect First Utility’s new plan

This month a number of popular fixed price energy tariffs will come to an end, which means customers will be put on a more expensive plan, and face bills up to £219 higher.

The best way to avoid seeing your energy prices rocket in the coming weeks is to switch to a cheaper energy deal as soon as possible.

Amongst the tariffs ending are deals from British Gas, EDF Energy, E.ON, First Utility, npower, ScottishPower and SSE.

Which plans are affected?

A total of 18 plans will be ending between the 31 March 2014 and the 1 April 2014. The most popular amongst them are ScottishPower’s Fixed Price Energy April 2014 and Online Fixed Price Energy April 2014, as well as EDF Energy’s Fixed Price 2014.

The average increase facing consumers on these plans once they come to an end is £109 per annum.

The full list:

When should I switch?

Switching energy provider or plan typically takes about six weeks, so if you’re on one of the plans listed above you should switch now.

Don’t worry about early exit fees. According to Ofgem regulations, your energy supplier cannot charge you a cancellation fee if there are fewer than 49 days left on your fixed price tariff.

In fact, your supplier should let you know your plan is coming to an end 42-49 days before it finishes.

What are the best energy deals out there?

First Utility’s iSave Fixed May 2015 tariff is currently on top of the energy best buy table and will cost the average UK household £1,013 a year and carries £30 per fuel early exit fees.The plan allows consumers to fix their energy unit rates until May 2015.

In second place, Ovo Energy’s Cheaper Energy Fixed tariff costs the average British home £1,015 per year. The plan allows consumers to fix their energy rates for 12 months and carries £30 per fuel exit fees.

The cheapest fixed price plan from one of the big six is British Gas’ Fixed Price May 2015 plan, which costs £1,076 on average ad as cancellation fees of £30 per fuel.

Tariff prices are calculated based on a medium usage customer using 3,200 kWh of electricity and 13,500 kWh of gas paying by direct debit per year, with bill sizes averaged across all regions.

Got any questions? Ask us in the comment section.

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  • Vanessa

    Paying by direct debit per ear?

    • Michele Martinelli

      Good spot!

  • http://www.iandavidbarker.co.uk IanB022

    It means Captain Kirk pays more on account of his final front ear.

  • http://www.SteamCleanCarpetService.co.uk buckclean

    You can switch to FU but do not expect any customer service if things go slightly awry – they did not take a dd from my account for over 3 months – then when I asked them FOUR TIMES to NOT take £522 in one hit after they had not billed me guess what they did! Being cheapest is not always the be all and end all – you may need other things as well!

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