Cheap energy tariffs are being withdrawn – hurry!

by Mark Vickery on 26 October 2010  |  4 comments
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Companies continue to pull their cheapest online tariffs, replacing them with more expensive ones just as winter is creeping in. If you’re on a standard tariff or recently come off a cheap fixed tariff, why don’t you see how much you could save by switching? But you’d better be quick, before even more providers up their rates!

Companies continue to pull their cheapest online tariffs, replacing them with more expensive ones just as winter is creeping in. If you’re on a standard tariff or recently come off a cheap fixed tariff, why don’t you see how much you could save by switching? But you’d better be quick, before even more providers up their rates!

E.ON is the latest energy provider to withdraw its cheapest online tariff and replace it with a new, more expensive version. This latest news follows npower and Ovo’s announcements in recent weeks.

This means that there are now only two online energy tariffs at less than £900 a year: EdF and First Utility. But who knows how long these will remain?

Bear in mind that about six months ago, most providers were bunching around the £850 to £920 mark. This is not a good trend to be spotting so close to winter. Remember it takes two months to switch – you need to do it now if you want to avoid large winter bills.

Should I switch?

If you’re paying more than around £75 a month on your energy bills, you could save up to £300 a year by switching. That’s right – three hundred pounds! What are you waiting for? Prices are only set to get more expensive....

* Includes £100 sign-up cashback until end of November. Not available to exiting EdF customers

** Includes £50 sign-up cashback until further notice

Compare energy tariffs at lovemoney.com