Five fixed-rate energy tariffs will expire at the end of June, leaving households facing an increase of as much as £180 on their energy bills if they move onto standard tariffs.
Once you come to the end of a fixed tariff, you move onto your supplier's standard tariff. And these deals are almost always the worst on offer. That's why average energy users on the EDF Fixed Price 2015 tariff will see their annual energy bill rocket by £180 if they don't switch!
Not sure if your current deal is coming to an end? Have a look at the table below.
|
Supplier |
Ending tariff |
Annual cost |
Annual cost of standard tariff |
|
EDF |
Fixed Price 2015 |
£974.33 |
£1,154.53 |
|
EDF |
Blue + Price Promise June 2015 |
£1,098.19 |
£1,154.53 |
|
First: Utility |
iSave Fixed v12 June 2015 |
£1,052.14 |
£1,134.85 |
|
Npower |
Online Price Fix June 2015 |
£1,086.37 |
£1,169.33 |
|
Scottish Power |
Online Fixed Price Energy June 2015 |
£1,080.85 |
£1,166.37 |
|
Isupply* |
iFix (pre 22nd May 2014) |
£448.39 |
£510.04 |
*Not dual fuel, electricity only
Based on 3,200kWh of electricity and 13,500 kWh of gas, paid by monthly direct debit including VAT
If you are on one of these tariffs, don't waste time - search for a new cheap energy deal with loveMONEY today.
The cheapest fixed energy tariffs
If you’re not quite sure where to start, take a look at the top 10 cheapest fixed energy deals on the market right now, based on average use:
|
Energy supplier |
Tariff name |
Average UK price |
|
GB Energy Supply |
Premium Energy Saver |
£870.00 |
|
First Utility |
The Big Deal Collective Switch April 2016 |
£892.49 |
|
Extra Energy |
Fresh Fixed Price Sept 2016 v1 |
£913.00 |
|
First Utility |
iSave Fixed July 2016 |
£913.44 |
|
Extra Energy |
Clear Fixed Price March 2016 v5 |
£919.00 |
|
Extra Energy |
Bright Fixed Price Jan 2016 v9 |
£919.00 |
|
Green Star Energy |
Rate Saver 12 Month Fixed 1506 |
£926.00 |
|
Npower |
Price Fix May 2016 |
£927.00 |
|
First Utility |
iSave Fixed May 2016 |
£933.49 |
|
Scottish Power |
Online Fixed Price Energy June 2016 |
££941.20 |
Dual fuel tariffs based on 3,200kWh of electricity and 13,500 kWh of gas, paid by monthly direct debit including VAT
Source: loveMONEY energy comparison centre
But as always, it’s best to shop around. So many tariffs are under £1,000 a year at the moment so it’s a great time to take advantage of them. If you have four months or less remaining on your current energy deal, it’s high time to have a browse. Why not start with the loveMONEY energy comparison centre?