Energy bills – £111 hike for average SSE customer. Moneysupermarket urges customers to act now to fix tariffs.

10th October 2013

img

The UK’ s second biggest energy supplier SSE has added £111 to average annual bills affecting 7.3 million customers. The price rise amounts to an increase of 8.2%. Experts are predicting that SSE is only the first of the big six energy firms to move on the issue. Bills are to rise from November 15th.

Clare Francis, editor-in-chief at MoneySuperMarket.com says: “The bill hike from SSE will affect a massive proportion of UK households, all suffering from these heightened prices before the costly winter season.

“This news could make the colder months even more miserable, unless, consumers fight back and fix their energy bills to protect against price increases. The energy giant had warned over the summer that prices would rise in 2013 but with declining customer switching numbers over the last year, it appears few bill payers took the opportunity to take early action.

“We really need to see a change in consumer behaviour when it comes to energy prices. After years of annual hikes, energy bills are one of the biggest outgoings for many households, yet most are still paying their provider’s standard prices. It’s an area where customer apathy is rife even though when it comes to switching to better deals, energy is one of the easiest ones to do.

Francis is urging consumers to do something about their bills today to take advantage of the available fixes on the market.

Energy prices have become a hot political topic with Labour leader Ed Miliband promising to cap prices if he is elected, though the move has provoked warnings that energy companies will no longer invest.

“There are a number of fixed rate energy tariffs available that can save people around £200 on the cost of their annual bill such as iSave Fix v9 from First Utility. Those looking to fix over the longer term needn’t wait for radical changes to Government policy with products from EDF Energy, Scottish Power and npower all promising to fix prices until 2017 at 2013 prices.1 Switching is simple and easy, it only takes five minutes to find a cheaper tariff online and it is worth remembering that you are only changing supplier, it is the same gas and electricity so you don’t need new wires or pipes. All you need to switch is a copy of your existing bill so you can see how much energy you currently use and how much you pay”, says Francis.

“There could also be help available for those already struggling to afford to heat their homes. The elderly and those on low incomes could be eligible for support under the Warm Home Discount Scheme so it is definitely worth these people speaking to their provider to see if they qualify.”

Top 5 Energy Deals

Provider

Tariff name

Tariff Type

Average price

Spark

Spark Advance 2

Variable

£1,116.41

Woodland Trust Energy

New Energy Plan (excluding Scottish Hydro area)

Fixed

£1,151.75

First Utility

iSave v16

Variable

£1,155.47

First Utility

iSave Fixed v9 April 2015

Fixed

£1,170.48

Sainsbury’s Energy

Online October 2014

Variable

£1,172.15

Sourced by www.moneysupermarket.com 07.10.2013
Top 5 ‘Big Six’ Energy Deals

Provider

Tariff name

Tariff Type

Average price

npower

Online Price Fix November 2014

Fixed

£1,182.03

EDF Energy

Blue+ Price Promise March 2015

Fixed

£1,183.04

Scottish Power

Online Fixed Price Energy December 2014

Fixed

£1,204.51

Eon

Fixed 1 Year v4

Fixed

£1,221.58

British Gas

Fixed Price October 2014

Fixed

£1,245.52

Sourced by www.moneysupermarket.com 07.10.2013
Top 5 Long Term Fixed Energy Deals by duration

Provider

Tariff name

Tariff Type

Average price

EDF Energy

Blue +Price Freeeeze March 2017

Fixed

£1,339.70

npower

Price Protector March 2017

Fixed

£1,341.36

Scottish Power

Help Beat Breast Cancer Fixed Price January 2017

Fixed

£1,339.72

First Utility

iSave Fixed v10 January 2016

Fixed

£1,274.06

npower

Fix December 2015

Fixed

£1,405.71

Sourced by www.moneysupermarket.com 07.10.2013

 

Leave a Reply

Your email address will not be published. Required fields are marked *