Energy bills are about to rise for hundreds of thousands of households in the UK that have one of the fixed-price energy tariffs that are due to expire shortly.
There are 54 tariffs due to end before the end of August and households on one of these will be automatically rolled onto their provider’s standard tariff.
Standard variable tariffs are typically the most expensive and on average cost £192 more than the cheapest fixed-price energy tariff on the market.
Households are rolled onto an expensive standard tariff at the end of the fixed-rate period
Many of the tariffs ending come from the big six providers including EDF, British Gas, Scottish Power and Npower.
A number of smaller providers also have tariffs due to end such as GnERGY and Affect Energy.
Energy bills have been rising steadily over the past 12 months and five of the big six providers have announced price hikes.
Providers have blamed these hikes on rising wholesale prices and an increase to the cost of Government schemes such as the smart meter roll-out.
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But despite these rises, there is still a significant difference in price between the average standard variable tariff and the cheapest on the market.
The cheapest tariff is currently £850 from the energy provider OneSelect, based in Farnborough and owned by EnergieFlex.
Of the tariffs ending before August, the average cost of the standard variable rate households will be rolled onto is £192 more expensive than the cheapest tariff available.
There is also a difference of £291 between the cheapest tariff and the average big six standard tariff of £1,141.
Short, fixed-price tariffs tend to be the cheapest and the majority of these can only be accessed online.
|Green Network Energy||GNE Italian Touch 12 Month Fixed V5||Fixed||£858|
|Breeze Energy||Breeze All Good June V1||Fixed||£865|
|So Energy||So Impala||Fixed||£869|
|Engie||ENGIE Fixed Sept 18 Paperless Billing v4||Fixed||£873|
|TONIK||Positive Energy v7||Fixed||£873|
|Bristol Energy||1 Year Fix Issue 14 Paperless Billing||Fixed||£879|
|Affect Energy||Fixed Until June 2018||Fixed||£881|
|Avro Energy||Simple and Home||Fixed||£887|
|Source: MoneySuperMarket, 13/06/17|
It takes up to three weeks to switch energy providers, therefore if your tariff is due to end in June, July or August, it is now time to start looking.
Many short-term deals have exit penalties if you leave before the end of the contract, which is typically one year, however there is a 45-day window in which you can leave without penalty at the end of the contract.
Stephen Murray, energy expert at MoneySuperMarket, said, ‘Even though the price of average fixed rate tariffs has jumped significantly in the last 12 months, switching to one still means customers can significantly minimise the increase they will see by rolling over onto a standard variable tariff.
‘It’s still a competitive market out there, whether you want to go with a big six or smaller supplier – households just need to make sure they are on the best possible deal and not paying £200 too much for their energy.
‘The majority of fixed deals include exit penalties designed to deter customers from switching during the period.
‘However, these cannot be charged within 45 days of the tariff end-date, meaning customers have over six weeks to switch, penalty-free.
‘The switching process doesn’t take long, but those households with deals ending in June need to act now to maximise the benefit.’
|First-utility||iSave Fixed June 2017|
|First-utility||iSave Fixed June 2017 v2|
|Npower||Price Fix June 2017|
|First-utility||First Fixed June 2017|
|First-utility||First Fixed June 2017 v2|
|First-utility||First Fixed June 2017 v3|
|First-utility||First Fixed June 2017 v4 ONLINE ONLY|
|First-utility||First Fixed June 2017 v5 OFFLINE|
|First-utility||First Fixed June 2017 v6 ONLINE ONLY|
|EDF||Blue+Price Promise June 2017|
|M&S Energy||M&S Energy Fix & More June 17|
|Scottish Power||Online Fixed Price Energy June 2017|
|British Gas||Home Energy Capped Jun 2017|
|British Gas||Home Energy Reward Jun 2017|
|Sainsbury’s||Fixed Price June 2017|
|Sainsbury’s||Price Promise June 2017|
|Better Energy Supply Ltd||Online Fixed June 2017|
|Better Energy Supply Ltd||Postal Fixed June 2017|
|Npower||Online Price Fix July 2017|
|EDF||Blue +Price Freeeeze July 2017|
|EDF||Blue+Price Promise July 2017|
|EDF||Blue+Price Promise July 2017v2|
|First-utility||First Fixed July 2017 (ONLINE ONLY)|
|First-utility||First Fixed July 2017 (Full Serivce)|
|EDF||Blue+Price Protection Jul17|
|EDF||Blue+Price Protection Jul17v2|
|Sainsbury’s||SE Fixed Price July 2017|
|Sainsbury’s||SE Price Freeze July 2017|
|Sainsbury’s||SE Price Promise July 2017|
|Better Energy Supply Ltd||Online Fixed July 2017|
|Better Energy Supply Ltd||Postal Fixed July 2017|
|Scottish Power||Online Fixed Price Energy July 2017|
|Affect Energy||Fixed Saver July 2017|
|GnERGY||Fixed July 2017 (not S Hydro)|
|First-utility||First Fixed July 2017 v7 Online Only|
|First-utility||First Fixed July 2017 v8 Full Service|
|First-utility||iSave Fixed August 2017|
|First-utility||iSave Fixed August 2017 v2|
|First-utility||First Fixed August 2017|
|First-utility||First Fixed August 2017|
|Npower||Online Price Fix August 2017|
|Npower||MSM Collective Fix August 2017|
|Npower||Fixed Energy Online August 2017|
|EDF||Blue+Price Protection Aug17|
|First-utility||First Fixed August 2017 v4 Online Only|
|Better Energy Supply Ltd||Online Fixed August 2017|
|Better Energy Supply Ltd||Postal Fixed August 2017|
|First-utility||First Fixed August 2017 v5 Full Service|
|Sainsbury’s||SE Fixed Price August 2017|
|Sainsbury’s||SE Price Freeze August 2017|
|Sainsbury’s||SE Price Promise August 2017|
|Scottish Power||Online Fixed Price Energy August 2017|
|First-utility||First Fixed August 2017 v6 Online Only|
|Affect Energy||Fixed Saver August 2017|
|Source: MoneySuperMarket 13/06/17|
This is Money has joined forces once more with Energy Helpline to launch a new collective switch to help readers save money on their energy bills.
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