Households could see annual bills rise by up to £186.
There are 13 energy tariffs set to expire at the end of this month.
npower, Scottish Power, Co-operative Energy, Extra Energy, Scottish Power, Sainsbury’s Energy and iSupply Energy all have deals that will finish on Saturday 31st October.
If your deal is about to end and you don’t act, you will be moved onto your provider’s standard tariff, which is typically a LOT more expensive.
The tariffs about to expire
Here are the 13 energy deals that are set to expire on 31st October.
The table shows how much bills will go up by when a household is shifted onto the provider’s standard tariff.
|
Tariff about to expire |
Dual fuel? |
Average annual cost of deal |
Average annual cost of supplier’s standard tariff |
Difference in annual cost |
|
Extra Energy ValuePlus Fixed Price Oct 2015 v1 |
Yes |
£943.43 |
£1,129.51 |
£186.08 |
|
Extra Energy Fresh Fixed Price October 2015 v2 |
Yes |
£943.43 |
£1,129.51 |
£186.08 |
|
Extra Energy Fresh Fixed Price Oct 2015 v1 |
Yes |
£943.64 |
£1,129.51 |
£185.87 |
|
Extra Energy Clear Fixed Price Oct 2015 v1 |
Yes |
£976.41 |
£1,129.51 |
£153.10 |
|
Extra Energy Bright Fixed Price Oct 2015 v2 |
Yes |
£978.01 |
£1,129.51 |
£151.50 |
|
Extra Energy Bright Fixed Price Oct 2015 v1 |
Yes |
£978.48 |
£1,129.51 |
£151.03 |
|
Extra Energy SaverPlus Fixed Price Oct 2015 v1 |
Yes |
£985.77 |
£1,129.51 |
£143.74 |
|
First Utility iSave Fixed v30 October 2015 |
Yes |
£944.99 |
£1,084.26 |
£139.27 |
|
Sainsbury’s Energy Fixed Price October 2015 |
Yes |
£962.02 |
£1,100.92 |
£138.90 |
|
Co-operative Energy Fair & Square September 2015 |
Yes |
£980.60 |
£1,119.37 |
£138.77 |
|
Scottish Power Online Fixed Price Energy October 2015 |
Yes |
£1,002.59 |
£1,113.25 |
£110.66 |
|
Npower Online Price Fix October 2015 |
Yes |
£1,019.25 |
£1,109.65 |
£90.40 |
|
iSupply Energy iFix (pre 19th September 2015) |
No |
£436.48** |
£496.79** |
£60.31 |
*Based on dual fuel payment by monthly direct debit averaged across all UK regions and for households with an annual energy usage of 12,500kWh has and 3,100kWh electricity.
**Based on single fuel payment by monthly direct debit averaged across all UK regions and for households with an annual energy usage of 3,100kWh electricity.
All the deals about to expire will leave households worse off if allowed to rollover onto the supplier’s standard variable tariff.
The biggest hike will be for customers on the Extra Energy ValuePlus Fixed Price Oct 2015 v1. Households that don’t switch will have to pay £186.08 more a year!
The cheapest tariffs to switch to
If your tariff is set to expire, whether this week or even within the next few months, you could save by switching to a cheaper deal.
Here are the 10 cheapest dual fuel energy tariffs available now that you could move to.
|
Tariff |
Type of tariff |
Average UK price* |
|
GB Energy Supply Premium Energy Saver |
Variable |
£799 |
|
Extra Energy Fresh Fixed Price December 2016 v5 |
Fixed (until December 2016) |
£834 |
|
Extra Energy Clear Fixed Price December 2016 v3 |
Fixed (until December 2016) |
£843 |
|
First Utility iSave Fixed December 2016 v4 |
Fixed (until December 2016) |
£843.49 |
|
GnERGY Fixed November 2016 v1 |
Fixed (until November 2016) |
£848.72 |
|
First Utility You First December 2016 |
Fixed (until December 2016) |
£852.49 |
|
Ovo Energy Better Energy Fixed (Online) |
Fixed (for 12 months) |
£857 |
|
Extra Energy Bright Fixed Price December 2016 v3 |
Fixed (until December 2016) |
£858 |
|
Green Star Energy Rate Saver 12 Month Fixed 2510 |
Fixed (for 12 months) |
£859 |
|
npower Fixed Energy Online December 2016 |
Fixed (until December 2016) |
£866 |
Source: loveMONEY energy centre
*Based on dual fuel payment by monthly direct debit averaged across all UK regions and for households with an annual energy usage of 12,500kWh has and 3,100kWh electricity.
As you can see there’s currently a whole load of deals that will cost the average household under £870 a year.
If you’re on a standard tariff or a deal that is about to end see how much you can save by heading over to the loveMONEY gas and electricity comparison centre.
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