There are eight energy tariffs which expire at the end of the month, so if you are on one of them the time to act is now.
If you don’t switch, you’ll be put on to your provider’s standard tariff which is often a lot higher.
Here is a rundown of the tariffs which expire on 31st August.
|
Tariff coming to an end |
Dual fuel? |
Average annual cost |
Average annual cost of standard tariff* |
Difference |
|
British Gas Fix & Control Aug 2015 |
Yes |
£1,256.56 |
£1,156.11 |
-£100.45 |
|
British Gas Fix & Reward August 2015 |
Yes |
£1,192.97 |
£1,156.11 |
-£36.86 |
|
British Gas Fixed Price August 2015 |
Yes |
£1,084.81 |
£1,156.11 |
£71.30 |
|
EDF Energy Blue + Price Promise August 2015 |
Yes |
£1,048.77 |
£1,154.53 |
£105.76 |
|
Npower Price Fix August 2015 |
Yes |
£1,119.37 |
£1,169.33 |
£49.96 |
|
Sainsbury’s Energy Fixed Price August 2015 |
Yes |
£1,074.61 |
£1,156.11 |
£81.50 |
|
Sainsbury’s Energy Fix & Reward August 2015 |
Yes |
£1,192.97 |
£1,156.11 |
-£36.86 |
|
Flow Energy Thames Fixed Online September 2015 |
Yes |
£1,010.07 |
£1,010.07 |
£0 |
*Based on dual fuel payment by monthly direct debit averaged across all UK regions and for households with an annual energy usage of 13,500kWh has and 3,200kWh electricity.
Even though half of the tariffs ending in August will see household energy prices increase significantly, some will actually see a reduction due to providers cutting their standard tariffs.
Households on the British Gas Fix & Control Aug 2015 and Fix & Reward August 2015 tariffs or the Sainsbury’s Energy Fix & Reward August 2015 will see their bill drop by an average of £58.06. That’s a decent saving, but you could stand to save far more by switching to a cheaper energy deal online.
Read more at How to switch your energy supplier.
The cheapest deals right now
Not sure who to move to? Check out the top 10 cheapest offers on the market right now:
|
Energy supplier |
Tariff |
Type of tariff |
Average annual cost* |
|
GB Energy Supply |
Premium Energy Saver |
Variable |
£870 |
|
First Utility |
The Big Deal October 2016 |
Fixed |
£885.49 |
|
Extra Energy |
Fresh Fixed Price Nov 2016 v2 |
Fixed |
£893 |
|
SSE |
1 Year Fixed (Paperless) |
Fixed |
£898.86 |
|
SSE |
1 Year Fixed (Paper) |
Fixed |
£910.89 |
|
Extra Energy |
Clear Fixed Price Nov 2016 v1 |
Fixed |
£913 |
|
Green Star Energy |
Rate Saver 12 Month Fixed 2508 |
Fixed |
£913 |
|
Ovo Energy |
Better Energy Fixed (Online) |
Fixed |
£918 |
|
Green Star Energy |
Rate Saver 12 Month Fixed 1508 Plus |
Fixed |
£920 |
| First Utility | iSave Fixed October 2016 | Fixed | £929.49 |
*Dual fuel tariffs based on 3,200kWh of electricity and 13,500kWh of gas, paid monthly by direct debit including VAT
Source: loveMONEY energy centre
If you’re on a tariff which is close to ending, it’s time to get switching. Why not go to the loveMONEY energy comparison centre to get started?