Households are set to be hit with big energy price rises as 95 fixed deals come to an end in the next few weeks.
Price comparison site uSwitch has found that 27 different providers have 95 fixed tariff deals expiring in the final days of May and during the month of June.
The average customer will be hit by price hikes of £166 when their fixed tariff expires and they are moved onto a standard variable tariff (SVR).
However, some customers will be hit with larger hikes with uSwitch finding that customers of Go Effortless Energy will be worst affected with a hike of £401. This is followed by Npower with £399 hikes and Scottish Power with a £365 hike.
Of the 27 providers with expiring deals, eight have officially announced price increases in 2018 – including British Gas, EDF, Npower, and Scottish Power. Customers with Big Six suppliers face average annual rises of £226.
Shona Eyre, energy expert at uSwitch.com, comments on these increases: “After shock price rises earlier this year, some households are now facing a double whammy bill hike of nearly £400. It’s crucial that people take action when their fixed plan comes to an end or when their energy company puts prices up.
“A spate of price rises from the larger suppliers recently has put household purse strings up and down the country under even more pressure. At the same time, challenger suppliers are topping the customer service and best-buy tables. With over 12 million households on rip-off tariffs still paying over the odds for their gas and electricity, now is the time for customers to show suppliers they won’t be taken for granted.”
Households are being reminded that rules allow them to switch energy deal penalty-free if they are at least 42 days away from the expiration of their fixed tariff contract.
Ms Eyre adds: “Over five million people voted with their feet last year, switched supplier and saved up to £491. It only takes 10 minutes to save on your bills, as well as protect yourself from further price rises if you lock in a cheaper fixed deal.”
See the table below for the 20 fixed deals with the largest price increase on moving to the SVR ending in May and June 2018:
Top 20 fixed deals ending May and June 2018
|Supplier||Plan||End date||Average price||Rollover plan name||Cost pre price rise||Cost post price rise|
|Go Effortless Energy||April 2017 v1||06/06/2018||914.96||SVT April 2018 v1||£401.30||N/A|
|npower||Feel Good Fix June 2018||30/06/2018||831.36||Standard SC||£334||£399|
|npower||Feel Good Fix May 2018||31/05/2018||861.47||Standard SC||£304||£369|
|ScottishPower||Help Beat Cancer Fixed Price Energy June 2018 Online||30/06/2018||845.57||Standard||£301||£365|
|ScottishPower||Online Fixed Price Energy June 2018||30/06/2018||893.57||Standard||£253||£317|
|npower||Online Price Fix May 2018||31/05/2018||923.72||Standard SC||£242||£306|
|EDF Energy||Blue+Price Freeeeze June 2018||30/06/2018||854.88||Standard (Variable)||£287||£303|
|Green Network Energy||GNE Italian Touch 12 Month Fixed V5||01/06/2018||826.32||GNE Standard Var V1||294.59||N/A|
|Green Network Energy||GNE Italian Touch 12 Month Fixed V6||18/06/2018||844.32||GNE Standard Var V1||276.59||N/A|
|TOTO Energy||TOTO Wholesale Saver 2||17/06/2018||932.46||TOTO Smart Plain and Simple||260.51||N/A|
|ScottishPower||Online Fixed Price Energy June 2018 v2||30/06/2018||952.38||Standard||£195||£259|
|First Utility||First Fixed June 2018 v3||30/06/2018||884.98||First Variable||246.74||N/A|
|First Utility||First Fixed May 2018 v4 Online||31/05/2018||892.8||First Variable||238.92||N/A|
|SSE||SSE 1 Year Fixed v11||13/06/2018||876.68||Standard||232.03||N/A|
|Green Network Energy||GNE Italian Touch Green 12 Month Fixed V5||01/06/2018||891.42||GNE Standard Var V1||229.49||N/A|
|First Utility||First Fixed May 2018 v7 Online||31/05/2018||908.51||First Variable||223.21||N/A|
|First Utility||First Fixed May 2018 v5 Online||31/05/2018||913.57||First Variable||218.15||N/A|
|Breeze Energy||Breeze All Good June v1||18/06/2018||849.19||Breeze Standard Variable||£217.20||N/A|
|British Gas||HomeEnergy Fixed Jun 2018||30/06/2018||919.86||Temporary June 2019||£181||£241|
|E.ON||E.ON Saver Fixed 1 Year v9||13/05/2018||936.91||E.ON Energy Plan||£187||£217|
Source: uSwitch.com correct as of 22 May, 2018