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Those on popular fixed plans coming to an end to be hit with £131 price hike

Customers should switch now or pay £55 more per year on average

Six popular fixed plans end this month, leaving some customers paying up to £131 more per year on bills

Six popular fixed plans end this month, leaving some customers paying up to £131 more per year on bills

uSwitch research has found that six popular fixed plans are coming to an end this month, creating a ‘personal price rise’ for customers on these plans.

When fixed plans end, suppliers roll customers on to their standard, variable rate plan, which is often their most expensive tariff. This means consumers who fixed their rates a year ago or more will now have to compare and switch again to find a better deal, or face a energy bill increase of as much as £131 per year.

These plans ending soon and their rollover cost increase :

Supplier Plan End date Average bill size

 Standard bill size

Difference

Co-operative Energy

Pioneer – Fixed 2015

31/03/2015

£1,045

£1,176

£131

EDF Energy

Blue+Fixed Price March 2015

31/03/2015

£1,127

£1,155

£28

EDF Energy

Blue+Price Promise March 2015

31/03/2015

£1,061

£1,155

£94

Sainsbury’s Energy

Fixed Price March 2015

31/03/2015

£1,193

£1,156

-£37 (cheaper)

ScottishPower

Online Fixed Price Energy March 2015

31/03/2015

£1,066

£1,156

£90

ScottishPower

Fixed Price Energy April 2015

31/03/2015

£1,140

£1,166

£26

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.

Tom Lyon, uSwitch energy expert, said of the news:

“With these fixed plans coming to an end, customers could be facing their own personal price rise of up to £131 a year. Fixed plans give hard-pressed consumers clarity and control over what they pay for their energy, and shield against any unexpected price hikes. By planning ahead, customers can avoid being rolled over onto a potentially more expensive tariff and find a better deal before the winter is over.”

 

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