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More than 810,000 homes will see their energy bills rise as their fixed plans come to an end next week. There are 57 fixed energy plans from 16 suppliers ending on 30 November, with costs set to rise for those that don’t switch away from affected plans. Check our list of energy plans ending soon to see if your plan is affected.
Those on energy plans ending soon will see their bills rise by an average of £155 - that’s more than £63 million in extra costs across the country. Customers who don’t switch to a cheaper deal at the end of their fixed plan will be automatically rolled onto their supplier’s standard variable or default tariff, which is typically the most expensive type of plan.
With the energy price cap in place, these plans cost an average of £1,042 - which is £174 more expensive than the cheapest deal available through Uswitch today*.
Sarah Broomfield, energy expert at Uswitch, said: “Customers often get caught out when their fixed energy plan ends and they are moved automatically onto a standard variable tariff that ends up costing them more money.”
“This is a particularly busy time of year with Christmas on the way, and it’s easy to forget to change supplier - but not switching could come with a hefty £155 price tag attached. No one should be paying more than they need to for their energy, and as we head deep into winter, now is the time to check when your deal is coming to an end.”
*Cheapest deal available through Uswitch on 23/11/20: British Gas Energy Plus Protection Jan 2022v6. Average cost £868.36 based on the average bill size for a dual fuel customer consuming medium energy usage as defined by Ofgem (2,900 kWh of electricity and 12,000 kWh of gas per year), paying by direct debit, with paperless billing. Prices averaged across all regions.