Is your energy bill about to rocket by nearly £200?

Household money

Updated on 16 September 2015 | 1 Comment

If you are on one of the fixed energy tariffs ending this month, you need to act now or else you could pay hundreds more!

A whopping 24 tariffs expire at the end of the month, with households across the country facing sharp energy bill rises unless they switch.

British Gas, Co-operative Energy, Extra Energy, First: Utility, iSupply, M&S Energy and Scottishpower all have tariffs that end on 30th September. When your fixed tariff finishes, you’ll be moved onto your provider’s standard tariff which is generally far more expensive.

Extra Energy customers on the ValuePlus Fixed Price Sept 2015 tariff will see the biggest price hike, at an average of £186.08.

However, as the table below shows a select few will actually see their energy bill drop.

Supplier

Dual fuel

Average annual cost

Average annual cost of standard tariff*

Difference

British Gas Discount Fix September 2015

Yes

£954.53

£1,100.92

£146.39

British Gas Fix & Reward September 2015

Yes

£1,135.05

£1,100.92

-£34.13

Co-op Energy Fair & Square September 2015

Yes

£944.95

£1.119.37

£174.42

Extra Energy Fixed Price September v2

Yes

£967.33

£1,129.51

£162.18

Extra Energy Fixed Price v3

Yes

£982.39

£1,129.51

£147.12

Extra Energy Fixed Price v4

Yes

£954.93

£1,129.51

£174.58

Extra Energy Fixed Price v5

Yes

£970.74

£1,129.51

£158.77

Extra Energy Fixed Price September v6

Yes

£961.21

£1,129.51

£168.30

Extra Energy Fixed Price September v7

Yes

£960.50

£1,129.51

£169.02

Extra Energy Fixed Price September v8

Yes

£961.92

£1,129.51

£167.59

Extra Energy Fixed Price September v9

Yes

£958.36

£1,129.51

£171.16

Extra Energy Fixed Price September v10

Yes

£946.37

£1,129.51

£183.14

Extra Energy Fixed Price September v11

Yes

£947.20

£1,129.51

£182.31

Extra Energy Fixed Price September v12

Yes

£948.28

£1,129.51

£181.23

Extra Energy Fixed Price September v13

Yes

£947.98

£1,129.51

£181.53

Extra Energy Fixed Price September v14

Yes

£953.87

£1,129.51

£175.65

Extra Energy SaverPlus Fixed Plus Price Sept 2015 v1

Yes

£985.77

£1,129.51

£143.74

Extra Energy ValuePlus Fixed Price Sept 2015 v1

Yes

£943.43

£1,129.51

£186.08

First: Utility iSave Fixed v27 September 2015

Yes

£944.99

£1,129.51

£139.28

iSupply iFix (pre 22nd Oct 2014)

No

£429.08

£496.79

£67.70

M&S Energy Fixed Price Sep 2015 Paperless Billing

Yes

£1,062.21

£1,100.51

£38.29

M&S Energy Fixed Price Sep 15 Paper Billing

Yes

£1,074.25

£1,100.51

£38.29

Scottishpower Platinum Fixed Energy October2015

Yes

£1,213.90

£1,113.25

-£100.65

Scottishpower Platinum Fixed Energy October 2015 Online

Yes

£1,203.40

£1,113.25

-£90.15

Scottishpower Online Fixed Energy September 2015

Yes

£1,016.55

£1,113.25

£96.71

Compare energy tariffs with loveMONEY

Switch and save a fortune

Even if you are one of the lucky ones who will pay less as a result of moving onto the standard tariff, the fact remains that standard tariffs are miles more expensive than the best energy tariffs available today. In fact, by switching you could save hundreds of pounds!

Here are the 10 cheapest energy tariffs on the market today

Energy supplier

Tariff name

Average UK price

GB Energy Supply

Premium Energy Saver

831

First Utility

iSave Fixed October 2016 v2

852.00

Green Star Energy

Rate Saver 12 Month Fixed 2509

875.00

Sainsbury’s Energy

Fixed Price September 2016

876.00

Extra Energy

Fresh Fixed Price Nov 2016 v3

889.00

EDF

Blue+Price Promise November 2016

894.00

Scottish Power

Online Fixed Price Energy September 2016

896.85

Extra Energy

Bright Fixed Price Nov 2016 v2

900.00

Ovo Energy

Better Energy Fixed (Online)

918.00

Extra Energy

Clear Fixed Price Nov 2016 v2

919.00

Source: loveMONEY gas & electricity comparison centre.

*Prices based on average consumption as measured by Ofgem of 13,500kWh of gas and 3,200 kWh of electricity and a customer paying by monthly direct debit including VAT.

N.B Prices are the average for the whole of the UK. Actual costs vary by region.

Don't pay more for your energy: see if you can switch and save with loveMONEY

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