You are here: Home - Household Bills - News -

Energy customers face huge price hikes as 70 fixed-tariffs end

Written by: Adam Lewis
Energy customers who roll over onto standard tariffs face an estimated £333 hike in their bills according to research from a price comparison site.

According to, some 70 fixed price tariffs will come to an end this quarter, which would equate to a £200m “inertia windfall” for energy companies.

In April alone comparethemarket’s data showed that 30 fixed rate tariffs ended, creating an average annual increase of £359 per customer if they roll over onto the standard variable tariff.

While the majority of the tariffs ending are from smaller, independent providers, it is still estimated the increase will affect around 600,000 energy customers across the UK.

Peter Earl, head of energy at comparethemarket, said: “The cost of not actively monitoring your energy bills is clearer than ever, with energy companies potentially enjoying close to a £200m inertia windfall from customers who don’t choose to switch.

“A £333 increase in annual energy bills could be devastating to so many families across the UK. However, the good news is that this can be avoided – by switching back on to a competitively priced fixed tariff which best suits your needs.”

See’s A guide to switching energy provider for all you need to know about moving from one supplier to another.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
France election
BLOG: Europe’s Fellowship journey through darkest hour

Emmanuel Macron's recent French presidential election victory shows there is light at the end of the tunnel for European equities.