If your fixed tariff is finishing, it's time to switch or you may see your energy bills jump.
A dozen fixed energy tariffs are due to come to an end this weekend.
Once they do, people on those tariffs will automatically be switched to the supplier’s standard tariff. And that normally means a sharp jump in the cost of your gas and electricity. So if you have one of these tariffs, it’s time to shop around and secure a new deal!
Here's a rundown of the tariffs that are ending.
|
Tariff |
Average annual cost |
Average annual cost of standard tariff |
|
British Gas Fixed Price February 2015 |
£1,091.87 |
£1,156 |
|
British Gas Fixed & Fall February 2015 |
£1,192.97 |
£1,156 |
|
EDF Energy Blue +Price Promise February 2015 |
£1,071.95 |
£1,155 |
|
EDF Energy Blue + Price Promise February 2015 Gas Carbon Offset |
£1,091.37 |
£1,155 |
|
iSupplyEnergy iFix (electricity only) |
£454.55 |
£510.04 |
|
M&S Energy Capped Price |
£1,111.73 |
£1,186.27 |
|
Npower Online Price Fix February 2015 |
£1,051.66 |
£1,169 |
|
Sainsbury’s Energy Fixed Price February 2015 |
£1,091.87 |
£1,192.97 |
|
Scottish Power Fixed Price Energy march 2015 v2 |
£1,152 |
£1,167 |
|
Scottish Power Fixed Price Energy March 2015 v2 Online |
£1,141.51 |
£1,167 |
|
Scottish Power Online Fixed Price Energy February 2014 |
£1,109.09 |
£1,167 |
|
Scottish Power Online Fixed Price Energy February 2014 v2 |
£1,086.35 |
£1,167 |
Prices based on average consumption as measured by Ofgem of 13,500kWh of gas and 3,200kWh of electricity and a customer paying by monthly direct debit including VAT
[SPOTLIGHT]As you can see, in the case of 11 of the 12 tariffs moving onto the standard tariff will mean an increase of anything from £15 to £117 a year for the average user. So if you’re a big energy user, that increase will be even more significant.
Compare gas and electricity tariffs with lovemoney.com
The cheapest fixed tariffs
You can compare tariffs in your area over in our gas and electricity comparison centre. But in the table below I’ve picked out the cheapest fixed dual fuel tariffs currently available, again based on average use.
|
Tariff |
Average annual cost |
|
Extra Energy Fresh Fixed Price February 2016 |
£913 |
|
Scottish Power Online Fixed Price Energy March 2016 |
£917.92 |
|
Extra Energy Clear Fixed Price March 2016 |
£919 |
|
Extra Energy Bright Fixed Price January 2016 |
£919 |
|
First Utility iSave Fixed March 2016 |
£919.49 |
|
Ovo Energy better Energy Fixed (Online) |
£920 |
|
Sainsbury’s Energy Fixed Price February 2016 |
£921.95 |
|
Green Star Rate Saver 12 Month Fixed |
£927 |
|
Npower Price Fix May 2016 |
£927 |
|
Co-operative Energy Fair & Square May 2016 |
£944 |
Source: lovemoney gas and electricity comparison centre
Prices based on average consumption as measured by Ofgem of 13,500kWh of gas and 3,200kWh of electricity and a customer paying by monthly direct debit including VAT.
*Not available in region 17 - Scottish Hydro area
Remember that not all these tariffs will be cheapest in your area, which is why is so important to shop around. But they give you an idea of the savings you might be able to make.
Compare gas and electricity tariffs with lovemoney.com