Is your tariff ending on New Year’s Eve? Maybe it’s time for you to switch provider.
A whopping 11 energy tariffs come to an end in the next couple of weeks.
Scottish Power, Npower, Extra Energy, Co-operative Energy and Sainsbury’s Energy all have tariffs which finish on New Year's Eve. If you are on one of them, you'll then be moved onto your provider’s standard tariff, which could see your energy bill rocket by hundreds of pounds
The expiring tariffs
Have a look at which tariffs are ending on 31 December and how much you’ll typically be paying if you end up on your provider’s standard offering.
All of the following are dual fuel deals.
|
Tariff about to expire |
Average annual cost of deal |
Average annual cost of supplier’s standard tariff |
Difference in annual cost |
|
Co-operative Energy Fair & Square December 2015 |
£970.75 |
£1,119.37 |
£148.62 |
|
Extra Energy Fresh Fixed Price Dec 2015 v1 |
£926.48 |
£1,129.51 |
£203.03 |
|
Extra Energy Bright Fixed Price Dec 2015 v1 |
£951.17 |
£1,129.51 |
£178.34 |
|
Extra Energy Fresh Fixed Price Dec 2015 v2 |
£913.73 |
£1,129.51 |
£215.78 |
|
Extra Energy Fresh Fixed Price Dec v3 |
£915.41 |
£1,129.51 |
£214.11 |
|
Npower Price Fix December 2015 |
£1,001.26 |
£1,109.65 |
-£8.88 |
|
Npower Fix December 2015 |
£1,118.53 |
£1,109.65 |
-£8.88 |
|
Sainsbury’s Energy Fixed Price December 2015 |
£1,001.26 |
£1,100.92 |
£96.66 |
|
Scottish Power Fixed Price Energy December 2015 |
£1,143.57 |
£,113.25 |
-£30.32 |
|
Scottish Power Fixed Price Energy December 2015 Online |
£1,133.07 |
£1,113.25 |
-£19.82 |
|
Scottish Power Online Fixed Price Energy December 2015 |
£966.40 |
£1,113.25 |
£146.85 |
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, Extra Energy customers on The Fresh Fixed Price December 2015 v2 tariff will bear the most substantial rise at £215.78 if they get put on Extra Energy’s Variable Price v1 standard tariff.
However, this won't be the case for all of the tariffs. Households on Npower’s Price Fix December 2015 and Fix December 2015 could actually see their bills fall slightly at the end of their fixed term.
Switch energy suppliers with loveMONEY!
The cheapest deals right now
Even if a move to a standard tariff would see your bill drop, you can still do much better with one of the cheapest tariffs on the market today.
|
Energy supplier |
Tariff name |
Average UK price* |
|
GB Energy Supply |
Premium Energy Saver |
£787 |
|
Extra Energy |
Fresh Fixed Price Jan 2017 v1 |
£794 |
|
Extra Energy |
Clear Fixed Price Jan 2017 v1 |
£801 |
|
Go Effortless |
Domestic Energy December 2015 v1 |
£815.51 |
|
SSE |
SSE 1 Year Fixed v3 |
£827.04 |
|
First Utility |
iSave Fixed January 2017 |
£829.49 |
|
Extra Energy |
Bright Fixed Price Jan 2017 v1 |
£830 |
|
Co-operative Energy |
Co-op Online January 2017 |
£832 |
|
Green Star Energy |
Rate Saver 12m Fixed 2512 |
£842 |
|
GnERGY |
Fixed November 2016 v1 |
£848.72 |
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.
If you haven’t changed suppliers in a while, finding the right deal can be daunting. Take the first step with the loveMONEY gas and electricity comparison centre.
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