5th November 2015
Energy bill payers are being urged to check their current deal as many could find themselves up to almost £200 out of pocket when 11-fixed rate dual-fuel tariffs expire at the end of November.
An analysis from Gocompare.com has found that households on the affected tariffs could face an average rise of 15.58% on their annual energy bill if they let themselves get automatically rolled onto their supplier’s standard tariff.
Energy suppliers British Gas, Npower, Scottish Power, First Utility, Extra Energy and Sainsbury’s Energy all have dual-fuel tariffs that are set to end on Monday 30 November.
When these deals run-out customers will automatically be transferred to the suppliers’ standard variable tariffs, which are on average £149.58 more expensive.
Extra Energy customers on the Fresh Fixed Price November 2015 v3 offer will see the biggest average increase at the end of the month with an annual rise of up to £198.49, or 21.32%, if they let themselves get rolled onto Extra Energy’s Variable Price v1 standard tariff.
Tom Lewis, of Gocompare.com said: “With so many competitive fixed tariffs available at the moment, if you’ve been with your existing energy supplier for a year or more, then it’s highly unlikely you’re getting the best possible deal.
“As colder weather starts to creep in, energy usage typically goes up around this time of year, making it particularly important to consider the cost of your energy. While we might think of putting on an extra jumper, one of the best ways to help cut your energy bills is to regularly shop around and compare providers.”
Top 10 cheapest dual fuel tariffs*
|Supplier||Tariff||Tariff Type||Annual cost||Early exit fees|
|GB Energy Supply||Premium Energy Saver||Variable||£799||None|
|Extra Energy||Fresh Fixed Price Dec 2016 v6||Fixed||£831||£25 per fuel|
|First Utility||iSave Fixed December 2016 v5||Fixed||£832||£30 per fuel|
|Flow Energy||Connect 3||Fixed||£836||£30 per fuel|
|Extra Energy||Clear Fixed Price Dec 2016 v3||Fixed||£843||£25 per fuel|
|GnERGY||Fixed November 2016 v1||Fixed||£849||£25 per fuel|
|OVO Energy||Better Energy Fixed (All Online)||Fixed||£857||None|
|Extra Energy||Bright Fixed Price Dec 2016 v3||Fixed||£858||£25 per fuel|
|Green Star Energy||Rate Saver 12 Month Fixed 2510||Fixed||£859||£30 per fuel|
|Robin Hood Energy||Robin Hood Energy Prime||Fixed||£859||None|
*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 gas and 3,100kWh electricity (medium user). Excludes collective tariffs. Correct as of 04/11/2015.