A total of 14 tarffis are ending, meaning potentially much higher costs for customers.
There are 14 fixed energy tariffs finishing at the end of May from suppliers including British Gas, npower and ScottishPower.
If you're on one of those tariffs, it's a good idea to get switching or you could end up spending as much as £150 a year more on your energy deal.
That's because when your deal ends, you'll be placed on your provider’s standard tariff and they’re generally more expensive.
Which tariffs are ending?
Not sure if your tariff is ending? Check the list below.
|
Supplier |
Tariff coming to an end |
Dual fuel? |
Annual cost |
Annual cost of standard tariff |
|
British Gas |
Fix and Gift card May 2015 |
Yes |
£1,181.97 |
£1,156.11 |
|
British Gas |
Fixed Price May 2015 |
Yes |
£1,076.05 |
£1,156.11 |
|
British Gas |
Discount Fix May 2015 |
Yes |
£1,024.89 |
£1,156.11 |
|
Co-operative Energy |
Fixed to May |
Yes |
£1,125.21 |
£1,176.43 |
|
Co-operative Energy |
Fixed to May Paper Billing |
Yes |
£1,024.89 |
£1,176.43 |
|
First: Utility |
iSave Fixed v11 May 2015 |
Yes |
£1,013.48 |
£1,134.85 |
|
First: Utility |
iSave Fixed v18 May 2015 |
Yes |
£1,013.48 |
£1,134.85 |
|
M&S Energy |
Fixed Price May 15 |
Yes |
£1,130.01 |
£1,186.27 |
|
Npower |
Price Fix May 2015 |
Yes |
£1,107.22 |
£1,169.33 |
|
Sainsbury’s Energy |
Fix & Reward May 2015 |
Yes |
£1,192.97 |
£1,156.11 |
|
Sainsbury’s Energy |
Fix and Nectar May 2015 |
Yes |
£1,192.97 |
£1,156.11 |
|
Sainsbury’s Energy |
Fix & Nectar May 2015 |
Yes |
£1,142.80 |
£1,156.11 |
|
Scottish Power |
Simply Green Energy June 2015 NSC |
Yes |
£1,176.86 |
£1,166.37 |
|
Scottish Power |
Simply Green Energy June 2015 Online NSC |
Yes |
£1,166.36 |
£1,166.37 |
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.
As you can see, not all of the deals will see a bill rise – for four of the tariffs, you'll actually move onto a cheaper deal.
However, you can still do much better than that.
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The cheapest fixed energy tariffs
Here are the ten cheapest energy tariffs on the market right now.
|
Supplier |
Tariff |
Average UK price |
|
First Utility |
Big Deal Collective Switch April 2016 |
£892.49 |
|
First Utility |
iSave Fixed May 2016 |
£899.49 |
|
Extra Energy |
Fresh Fixed Price Sept 2016 |
£913 |
|
Extra Energy |
Clear Fixed Price March 2016 |
£919 |
|
Extra Energy |
Bright Fixed Price Jan 2016 |
£919 |
|
Npower |
Price Fix May 2016 |
£927 |
|
First Utility |
iSave Fixed May 2016 |
£933.49 |
|
Scottish Power |
Online Fixed Price Energy May 2016 |
£941.23 |
|
Co-operative Energy |
Fair & Square May 2016 |
£944 |
|
Sainsbury’s Energy |
Fixed Price March 2016 |
£949.36 |
Source: loveMONEY energy centre
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
Could you pay less for your gas and electricity? Compare tariffs and see