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£300 difference between cheapest and most expensive energy plans

Is there really that much difference between energy tariffs?

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With SSE price rises a week away and winter around the corner there is now £300 difference between the cheapest and most expensive energy tariffs. 

SSE‘s price rises of 9% on average – which will take the average household energy bill for a dual fuel SSE customer up from £1,235 to £1,354 a year – are now just one week away.

The £119 price rises for gas and electricity comes into effect next Monday 15  October and will affect around 8.4 million customers. SSE blames wholesale gas prices, the increasing cost of using the networks and mandatory government sponsored schemes for the hike.

There’s now exactly £300 a year difference between the cheapest and most expensive tariffs on the market, and with a switch taking an average of 4 to 6 weeks there is still time for households to insulate themselves from hefty winter bills.

Ann Robinson, Director of Consumer Policy at uSwitch says: “From 15th October, the average household energy bill for a dual fuel SSE customer will hit £1,354 a year– a price that could pile more pressure onto household budgets and could even push energy into the realms of the unaffordable for some consumers.

“The fact is that this price hike couldn’t come at a worse time. Last winter over eight in ten households (83%) were forced to ration their energy use due to cost[4] while three quarters (75%) went without heating at some point to keep a lid on their bills. A price hike ahead of winter can only make this situation worse.

“Many will be worried about their energy bills this winter. But there is some good news. There is now exactly £300 difference between the cheapest energy tariff and the most expensive on the market[3] so I would urge consumers to take advantage of this by switching to a more competitive deal today.

“There are also some very competitive fixed price plans that offer protection from price hikes for the next two winters and which don’t have any exit penalties. The important thing is that households act today before these deals disappear and before their heavy winter bills kick-in.”

Average household energy bills:

Supplier
Current bill size Bill size from 15th October
British Gas
£1,260 £1,260
EDF Energy
£1,202 £1,202
E.ON
£1,260 £1,260
npower
£1,244 £1,244
ScottishPower
£1,349 £1,349
SSE
£1,235 £1,354
Average
£1,258 £1,278

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