Is your tariff expiring this October? Check here
Avoid standard tariff price hikes and don't overpay this winter
A number of tariffs are due to expire this October, meaning a number of households will need to switch to avoid overpaying on their energy bills.
Typically, once a tariff ends suppliers will move you on to their standard tariff. Standard tariffs are often a supplier’s most expensive tariff costing hundreds of pounds more than the tariff you were previously on. Standard tariffs are also variable rate plans meaning prices are not fixed for the year, and households are susceptible to price rises.
Will I pay cancellation fees for leaving early?
If your tariff is due to expire on 31st October, the good news is your supplier can no longer charge you penalty fees for leaving so you’re now eligible to compare and switch. Industry regulator, Ofgem has ruled that consumers are free to switch away from fixed tariffs within 49 days of your tariff expiry date.
How much can I save through switching?
Currently the typical standard bill costs £1,066* per year, while the cheapest fixed tariff on the market costs just £744, so by comparing and switching today a typical household with medium usage could save as much as £322.
Here are a list of tariffs due to expire this October:
|Supplier||Tariff||End date||Average Increase|
|Better Energy||Online Fixed Oct16||31st October 2016||£105.00|
|Co-operative Energy||Fair & Square October 2016||31st October 2016||£188.31|
|EDF Energy||Blue+Fixed Prepay October 2016||31st October 2016||-£109.03|
|first:utility||iSave Fixed v28 October 2016||31st October 2016||-£0.62|
|first:utility||iSave Fixed October 2016||31st October 2016||£159.47|
|first:utility||iSave Fixed October 2016 v2||31st October 2016||£195.13|
|Flow Energy||Connect 2||31st October 2016||£23.80|
|Flow Energy||Connect 3||31st October 2016||£35.85|
|isupplyEnergy||iFix October 2016||31st October 2016||£76.83|
|isupplyEnergy||iFix Direct October 2016||31st October 2016||£92.80|
|npower||Intelligent Control October 2016||31st October 2016||-£31.12|
|npower||Online Price Fix October 2016||31st October 2016||£137.13|
|npower||Fixed Energy Online October 2016||31st October 2016||£82.77|
|Sainsbury's Energy||Price Promise October 2016||31st October 2016||£124.77|
|Sainsbury's Energy||Price Freeze October 2016||31st October 2016||£57.73|
|Sainsbury's Energy||SE Fixed Price October 2016||31st October 2016||£149.30|
|Scottish Power||Fixed Price Energy June 2016||31st October 2016||£196.71|
If you are free to switch now without cancellation penalties, click the link below to start your comparison.