Households face £188 increase on energy bills as fixed price plans come to an end

Consumers on a number of fixed rate energy plans are facing huge increases if they don’t switch before their plans end in the next few weeks

Failing to switch before your energy plan ends could cost you £188

Failing to switch before your energy plan ends could cost you £188

Looming end dates for popular fixed price plans from British Gas, Sainsbury’s Energy, ScottishPower and npower, will see households rolled over onto more expensive tariffs.

This will result in affected customers paying out an additional £103 per year, on average.

See below for a full list of plans coming to an end in July and August.

‘Take simple steps now to future-proof energy bills’

Speaking on the issue, Tom Lyon, energy expert at uSwitch, said: “With summer well underway, consumers’ attention may have understandably turned away from thermostats, but households can take simple steps now to future-proof their energy bills.

“A number of fixed deals come to an end this month and next, meaning bills could rise for some by up to £188. The good news is that there are several competitive deals that people can switch to.”

First Utility and Co-operative Energy currently offering cheapest deals

“For example, Co-operative Energy’s new ‘Fair and Square’ tariff – fixed until September 2015 – costs on average £989 a year although a number of conditions, including mandatory meter readings, apply,” added Lyon.

“First Utility also offers a deal fixed until next September, costing £992 a year. For those who would prefer to go with one of the larger providers, EDF Energy offers a fixed tariff until February 2016 at an average cost of £1,049.”

Switching window and cancellation fees

Anyone worried about being charged exit fees for leaving their fixed price plan before its end date can relax. Energy regulator Ofgem recently introduced a ‘switching window’, which lets consumers find a new plan and switch without having to pay, as soon as they are notified by their suppliers that their plan is ending.

Snapshot of fixed plans coming to an end in July*

Plan name Plan end date Average current bill size Average roll-over tariff    Difference

British Gas Price Promise July 2014

31.07.2014

£1,160

£1,193

£33

Sainsbury’s Energy Price Promise July 2014

31.07.2014

£1,160

£1,193

£33

Sainsbury’s Energy Sainsbury’s Energy Online July 2014

31.07.2014

£1,094

£1,193

£99

Sainsbury’s Energy Price Check July 2014

31.07.2014

£1,063

£1,193

£130

ScottishPower Online Energy Saver 22

31.07.2014

£1,057

£1,189

£132

ScottishPower Online Fixed Price Energy August 2014

31.07.2014

£1,102

£1,189

£86

Average cost increase

£86

Snapshot of fixed plans coming to an end in August*

Plan name Plan end date Average current bill size   Average standard tariff    Difference

ScottishPower Online Fixed Price Energy September 2014

31.08.2014

£1,071

£1,189

£118

npower Energy Online August 2014

31.08.2014

£1,183

£1,205

£21

npower Online Price Fix Aug 2014

31.08.2014

£1,055

£1,205

£150

British Gas Online Variable August 2014

31.08.2014

£1,005

£1,193

£188

Average cost increase

 

£119

Source: uSwitch.com.

*Based on a medium user customer using 3,200 kWh of electricity and 13,500 kWh of gas, on a dual fuel plan, paying by monthly Direct Debit, with bill sizes averaged across all regions.

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Join the conversation

  • ROBBEDBYUTILITIESBILLS

    I have tried 3 times to switch to first utility – twice on this site and once from another comparison site. My deal with Sainsbury ran out in April but had no contact from FU. Looks like they are as chaotic as the BIG SIX

    • Frankiebm

      Thanks for the warning, mate. I’ve been trying to get my 94 year old nan sorted out with npower for nearly 9 months. They tell me they can legally not pay money back for 90 days due to ofgem’s rules.

      • PeeCeeBee

        Try your local Citizens Advice Bureau, we deal with these sort of problems regularly. They will happily contact npower for you and try and sort it out to your satisfaction.

        • Frankiebm

          Cheers PCB. I’ll try that on Monday.

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