You are here: Home - Household Bills - Understanding -

Is your energy tariff about to expire?

Written by:
Thirteen fixed-rate energy tariffs are set to expire in the coming weeks, leaving consumers facing bill hikes if they don’t make the switch now.

According to MoneySuperMarket consumers who opted for last August’s cheapest deal – the M&S Energy Fix & Save September 2014 – could see bill increases of £205 if they don’t switch to a better deal before 30 September.

Stephen Murray, energy expert at MoneySuperMarket, said: “Given the switching process still takes over six weeks to complete, people need to act now to avoid higher bills and save money again this year.”

According to MoneySuperMarket Extra Energy’s ValuePlus Fixed September 2015 tariff – at £989.57 per year – is the cheapest deal available. First Utility’s iSave Fixed September 2015 is a close second, costing an average of £993.07 per year. 

Murray continued: “Despite it still being the summer season, the colder than average August we’ve experienced might have led some households to switch their heating on early. With keeping warm in the gloomy weather front of mind people should also think about paying as little as possible for the energy they’re using.”

To see if your energy tariff is set to expire in the coming months, see the chart below.

Provider  Tariff Name  End Date  Current Standard Monthly Direct Debit  Standard Monthy Direct Debit vs Best Tariff 
npower  Online Price Fix August 2014  31/08/2014   £1,204.91   £215.34 
Scottish Power  Online Fixed Price Energy September 2014   31/08/2014  £1,188.62  £199.05
EDF Energy Blue+ Price Promise September 2014  30/09/2014  £1,163.60  £174.03
First Utility iSave Fixed v7  30/09/2014  £1,159.47  £169.90
First Utility iSave Fixed v8 September 2014  30/09/2014  £1,159.47  £169.90
M&S Energy Fix & Save September 2014  30/09/2014  £1,224.33  £234.76
Scottish Power Online Fixed Price Energy October 2014  30/09/2014  £1,188.62  £199.05
British Gas Fixed Price October 2014  31/10/2014  £1,192.96  £203.39
npower Online Price Fix October 2014  31/10/2014  £1,204.91  £215.34
Sainsbury’s Energy Fixed Price October 2014  31/10/2014  £1,193.01  £203.44
Scottish Power Fixed Price Energy November 2014  31/10/2014  £1,188.62  £199.05 
Scottish Power Online Fixed Price Energy November 2014  31/10/2014  £1,188.62  £199.05
Scottish Power Platinum Fixed Energy November 2014  31/10/2014  £1,188.62  £199.05

 Source: MoneySuperMarket

Tag Box

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.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

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...

Money Tips of the Week

Read previous post:
Guide for First-Time Buyers

Download our free, handy guide for first-time buyers, produced in association with the Post Office.