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Energy bills set to rocket by £193 as energy plans come to an end

If your energy deal is coming to an end, switch now to avoid being rolled over onto a more expensive plan as of next week

Consumers on one of the plans coming to an end must switch now to avoid paying higher prices

Consumers on one of the plans coming to an end must switch now to avoid paying higher prices

Consumers signed up to 16 popular fixed rate energy deals are in for a shock as their plans come to an end and they find themselves rolled onto a more expensive tariff.

Households signed up to deals from suppliers including EDF Energy, ScottishPower, M&S Energy and First Utility, will see their bills jump by an average of £111 per year. The largest increase will affect customers on the highly popular M&S Energy’s Fix & Save tariff, who will be hit with a £193 increase on their yearly energy spend.

It is worth noting that as soon as you receive a letter from your supplier informing you that your plan is ending, you are free to switch without being liable for any exit fees.

Plans ending tables

September:

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

EDF Energy’s Blue+Price Promise September 2014

30.09.2014

£1,095

£1,164

£69

ScottishPower’s Online Energy Saver 23

30.09.2014

£1,048

£1,189

£141

Scottish Power’s Help Beat Cancer Discounted Energy Online October 2014

30.09.2014

£1,083

£1,089

£105

M&S Energy’s Fix & Save

30.09.2014

£993

£1186

£193

First Utility’s iSave Fixed v7

30.09.2014

£1,067

£1,059

£92

First Utility’s iSave Fixed v8 September 2014

30.09.2014

£1,093

£1,059

£67

Scottish Power’s Online Fixed Price Energy October 2014

30.09.2014

£1,077

£1,189

£112

 

Average cost increase

£111

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.

October:

Plan name

Plan end date

Average current bill size

Average roll-over tariff bill size

 

Difference

British Gas’ Fixed Price October 2014

31.10.2014

£1,066

£1,193

£127

Npower’s Online Price Fix October 2014

31.10.2014

£1,052

£1,205

£153

Npower’s Energy Online October 2014

31.10.2014

£1,033

£1,205

£172

Sainsbury’s Energy Online October 2014

31.10.2014

£1,002

£1,193

£191

Scottish Power’s Online Fixed Price Energy November 2014

31.10.2014

£1,078

£1,189

£111

Scottish Power’s Platinum Fixed Price Energy November 2014 Online NSC

31.10.2014

£1,163

£1,189

£25

Scottish Power’s Fixed Price Energy November 2014 Online

31.10.2014

£1,037

£1,189

£151

Scottish Power’s Unifi Fixed Energy November 2014

31.10.2014

£1,144

£1,199

£55

SSE’s Discount Bonus Oct 2014

01.10.2014

£1,079

£1,186

£107

 

Average cost increase

£121

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.

Switch before temperatures drop

Tom Lyon, energy expert at uSwitch, said: “Fixed deals give consumers certainty about what they pay for their energy and protect against any unexpected price hikes. But several fixed plans are expiring – just when we are about to put the heating back on.

If no action is taken we could end up with a bill increase of as much as £193 a year. With the nights already starting to draw in, now is the perfect time to switch and save money before temperatures drop.”

Small suppliers currently offering the cheapest deals

“Small suppliers have consistently given the big six a run for their money this year by offering some of the cheapest deals on the market – with some at less than £1,000.  For example, Extra Energy’s ‘Fresh Fixed Price Oct 2015’, allows you to lock into a deal of £990 a year, while First Utility’s ‘iSave Fixed October 2015’ plan costs £992, also fixed until October 2015.

“Alternatively, EDF Energy’s ‘Blue+Price Promise March 2016’ tariff offers security until March 2016 at an average cost of £1,039 per year.”

Best buy table

Best Buy’ plans paying by monthly Direct Debit

Supplier

Plan Name (POR)

Average Bill Size (£)

Tariff type

Extra Energy

Fresh Fixed Price Oct 2015 v2

£990

Fixed

First Utility

iSave Fixed October 2015 (v30)

£992

Fixed

Sainsbury’s Energy

Fixed Price October 2015

£1009

Fixed

OVO Energy

Better Energy Fixed (Online)

£1,011

Fixed

The Cooperative Energy

Fair & Square October 2015

£1,026

Fixed

Green Star Energy

Rate Saver 12M Fixed 1408

£1,034

Fixed

EDF Energy

Blue+Price Promise March 2016

£1,039

Fixed

ScottishPower

Online Fixed Price Energy November 2015

£1,045

Fixed

Npower

Online Price Fix May 2016

£1,056

Fixed

Woodland Trust Energy

Better Energy

£1,071

Fixed

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.

Read more

Big six energy suppliers continue to lose customers

Are you eligible for the Warm Home Discount?

 

  • WILLIAM GRIERSON

    It should be less hassle to stick with current provider-but by all means do a “compare” before talking-then negotiate.

  • Cyan

    Many of us in one building are being blocked by different companies. They are doing naughty games to stop us changing over. EDF is blocking us.

  • George

    This switching advice is all very well, but assumes we all use the same average kwhs for the gas and electric. In my own case, I find I use a higher than average usage of gas and less than average usage for electric.
    Comparrison of tariffs in my case therefor needs to be biased towards whoever gives the lowest gas cost per unit. This can also be influenced by varying Standing charges between suppliers as well as the direct debit / online payment discount that some give.
    Why don’t the switching websites just give us the simple facts of unit costs per kWh and any other charges all compared by the various suppliers?

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