26th October 2015
With Big Energy Saving Week having kicked off on Monday, Gocompare.com is warning that many households could soon see their bills rise by as much as 15%, as 12 fixed dual fuel deals come to an end on 31 October.
Npower, Co-operative Energy, Scottish Power, Sainsbury’s Energy, Extra Energy and First:Utility all have dual fuel tariffs that are due to expire on Saturday, at which point customers who have not shopped around for a better deal will be rolled onto their supplier’s standard variable tariff.
On average, these tariffs are 15% or £147.95, a year more expensive than the deals customers are currently on.
But customers currently on Extra Energy’s Fresh Fixed Price Oct 2015 v2 and ValuePlus Fixed Price Oct 2015 v1 tariffs will see the biggest average increase at the end of the month, with an annual 20% rise of £186.08 if they allow themselves to be rolled onto the supplier’s Variable Price v1 standardtariff.
Tom Lewis, energy spokesperson at the comparison site said: “£147 is a significant price rise at any time of the year, let alone when colder nights are setting in and thermostat temperatures are beginning to creep up.
“By being rolled onto their suppliers’ standard variable tariffs, which don’t represent value for money, customers are effectively welcoming a price rise that they should really be fighting against. The best way to ensure that you’re not paying over the odds for your energy is to get online and shop around for the best possible deal for you.”
Top 10 cheapest dual fuel tariffs
|Supplier||Tariff||Tariff type||Annual cost||Early exit fees|
|GB Energy Supply||Premium Energy Saver||£799||£303||Variable|
|extraenergy||Fresh Fixed Price Dec 2016 v5||£834||£268||Fixed|
|Flow Energy||Connect 3||£836||£266||Fixed|
|first:utility||iSave Fixed December 2016 v4||£843||£259||Fixed|
|extraenergy||Clear Fixed Price Dec 2016 v3||£843||£259||Fixed|
|GnERGY||Fixed November 2016 v1||£849||£253||Fixed|
|first:utility||You First December 2016||£852||£250||Fixed|
|OVO Energy||Better Energy Fixed (All Online)||£857||£245||Fixed|
|extraenergy||Bright Fixed Price Dec 2016 v3||£858||£244||Fixed|
|Green Star Energy||Rate Saver 12 Month Fixed 2510||£859||£243||Fixed|