Households will see energy bills increase by £219 million as 125 fixed energy deals come to an end in July and August[1]
Almost 1.5 million homes will be hit by price hikes unless they change to a new fixed tariff[2]
The average increase is £149 if households roll onto a costly Standard Variable Tariff (SVT)[3]
Uswitch.com advises consumers to switch now to a new fixed deal before they are automatically rolled onto some of the worst value tariffs on the market.
Energy bills could rise by £219 million for almost 1.5 million households, as 125 fixed deals from 21 suppliers end in July and August[1][2], according to data from Uswitch.com, the comparison and switching service.
Switching onto a cheaper plan could help bill payers avoid an average £149 price hike as they are moved onto expensive Standard Variable Tariffs[3]. These default tariffs are among the worst value energy plans on the market.
The cheapest fixed deal is currently the Simple and SuperGlow tariff from Avro Energy at £810 fixed for 12 months, which is £316 cheaper than the current £1,127 default price cap.
Energy customers can use the Uswitch online guide to find out if their deal is ending soon and compare the best deals to move to.
Sarah Broomfield, energy expert at Uswitch.com, said: “There are 125 fixed deals coming to an end in July and August, and it’s important to bag yourself a new one before you get dumped on your supplier’s standard variable tariff.
“With some families facing financial difficulties and uncertainty at the moment, no one should be paying more than they need to for their energy.
“Britons could face an average £149 price hike if they do not take action and switch to a cheap deal now to avoid rolling onto a poor value Standard Variable Tariff.
“If you’re unsure about when your deal might be coming to an end, check your energy bill or use our online guide about tariffs ending soon to point you in the right direction.”
Table 1 - Best buys for fixed tariffs
| Supplier | Plan name | Tariff type | End date | Green? | Exit fee | Avg Price |
|---|---|---|---|---|---|---|
| Avro Energy | Simple and SuperGlow | fixed | 12m | No | 0 | £810.34 |
| Outfox the Market | Fix'D 20 13.0 | fixed | 12m | Yes | 0 | £820.43 |
| Simplicity Energy | 2020Cabbage | fixed | 12m | No | £70 | £822.68 |
| Yorkshire Energy | Green Ribblehead - Fixed Until 31st August 2021 | fixed | 2021-08-31 | Yes | £60 | £829.84 |
| Tonik Energy | Green SuperPower (1 Year) v8 + Free Boiler Service | fixed | 12m | Yes | £60 | £833.19 |
| Pure Planet | 100% Green 12m Fixed Jul20 v1 | fixed | 12m | Yes | £60 | £842.09 |
| EBICo | 12m Summer Saver v2 | fixed | 12m | Yes | £60 | £846.24 |
| E.ON | Fix Online Exclusive v43 | fixed | 12m | Yes | £60 | £851.44 |
| British Gas | Energy and Home Services Jul 2021v3 | fixed | 2021-07-31 | Yes | £60 | £855.37 |
| Together Energy | Green Together Fixed July21 v4 | fixed | 12m | Yes | £60 | £855.44 |
Source: Uswitch.com, correct as at 27/07/20. Prices assume a household with medium annual consumption on a dual-fuel tariff, paying by monthly direct debit. To appear in this table, plans must be available in at least seven of the 14 regions.
Find out how you could save nearly £1,000 a year with Uswitch here.
FOR MORE INFORMATION
Ross Stebbing
Phone: 07827 836 709
Email: ross.stebbing@rvu.co.uk
Twitter: @UswitchPR
Notes to editors:
1. Source: Uswitch.com data, correct as at 27/07/2020. Total bill increase (£218,864,195) calculated by multiplying the increase per tariff by the number of households affected.
2. Source: Uswitch.com data, correct as at 27/07/2020. Prices assume a household with medium annual consumption on a dual fuel tariff, paying by monthly direct debit.
3. Source: Uswitch.com data, correct as at 27/07/2020. Average increase per household is £149.01 (total tariff increase divided by 1,468,760 total households affected)
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to switch their energy, broadband and mobile than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.
