Fixed rate energy tariff deals: switch now to save up to £258

Some 24 fixed energy tariffs end this month. It'll be costly if you don't act to switch to another deal

Simon Read
Personal Finance Editor
Wednesday 13 January 2016 01:04
Comments
Check when fixed tariffs end so you don't pay more than you need
Check when fixed tariffs end so you don't pay more than you need

Are you on a fixed rate energy tariff? Check when it’s due to end - if you do nothing before the deadline, you’ll simply be put on your supplier’s standard rate, which is likely to be a lot more expensive.

For instance, anyone on Extra Energy’s Fresh Fixed Price Jan 2016 deal will end up paying £258.26 a year more for their gas and electricity if they don’t switch when the deal finishes at the end of this month.

In fact there are 24 fixed energy deals ending in January from seven different energy suppliers, reported uSwitch. As well as deals from Extra Energy, there a tariffs coming to an end from nPower, Scottish Power, Sainsbury’s Energy, Co-operative Energy, First Utility and M&S Energy.

Tom Lyon, energy expert at uSwitch.com, said: “Fixed energy tariffs are often hundreds of pounds cheaper than standard variable plans and protect consumers from price rises. However, when these deals end, customers can get a shock as prices usually jump when they're rolled over to their supplier's standard variable plan. If you're on a fixed energy plan which ends this month, shop around now for a better deal to avoid a shock price rise. It's worth noting that any early exit fees on your old plan no longer apply."

Fixed energy plans coming to an end in January 2016

Supplier

Plan

Average price

Rollover plan

Rollover difference

Extra Energy

Fresh Fixed Price Jan 2016 v10

£871.26

Variable Price v1

£258.26

Extra Energy

Fresh Fixed Price Jan 2016 v9

£872.29

Variable Price v1

£257.22

Extra Energy

Fresh Fixed Price Jan 2016 v8

£876.59

Variable Price v1

£252.92

 

Extra Energy

Bright Fixed Price Jan 2016 v9

£877.87

Variable Price v1

£251.65

Extra Energy

Bright Fixed Price Jan 2016 v8

£882.55

Variable Price v1

£246.96

Extra Energy

Fresh Fixed Price Jan 2016 v7

£890.50

Variable Price v1

£239.02

Extra Energy

Fresh Fixed Price Jan 2016 v6

£892.99

Variable Price v1

£236.53

Extra Energy

Bright Fixed Price Jan 2016 v6

£894.37

Variable Price v1

£235.14

Extra Energy

Bright Fixed Price Jan 2016 v7

£894.37

Variable Price v1

£235.14

Extra Energy

Fresh Fixed Price Jan 2016 v5

£894.46

Variable Price v1

£235.06

Extra Energy

Merry Christmas fixed Price Jan 2016 v1

£905.94

Variable Price v1

£223.58

Extra Energy

Merry Christmas Fixed Price Jan 2016 v1

£906.23

Variable Price v1

£223.28

Extra Energy

Merry Christmas Fixed Price Jan 2016 v3

£907.33

Variable Price v1

£222.19

Extra Energy

Fresh Fixed Price Jan 2016 v1

£914.30

Variable Price v1

£215.22

npower

Online Price Fix Jan 2016

£921.88

Standard SC

£187.78

ScottishPower

Online Fixed Price Energy January 2016

£923.74

Online Standard

£179.02

Sainsbury’s Energy

Fixed Price January 2016

£951.36

Variable Price v1

£124.06

Extra Energy

Bright Fixed Price Jan 2016 v1

£954.02

Variable Price v1

£175.49

Co-operative Energy

Fair & Square January 2016

£962.84

Pioneer - DD

£156.53

Sainsbury’s Energy

Price Freeze January 2016

£975.93

Standard

£99.49

First Utility

iSave Fixed v10 January 2016

£1093.52

iSave Everyday

£-18.20

ScottishPower

Fixed Price Energy Online February 2016

£1106.97

Online Standard

£-4.22

ScottishPower

Fixed Price Energy 2016

£1117.47

Online Standard

£-14.72

M&S Energy

M&S Energy Fix & More Jan 16

£1117.83

M&S Energy Standard Energy

£-29.32

Source: uSwitch.com. Prices based on average energy consumption.

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