Some British Households Set to Pay An Extra 37% on Energy Bills
- – 57 tariffs set to end this February with many unaware they will be automatically moved on to expensive SVT’s
- – Co-operative Energy customers will have the biggest shock with a 37% increase
- – Average cost increase will be £161.06 annually
As consumers do battle with their Christmas credit card bills and overdrafts that are understandably bursting at the seams after the festive season, another nasty surprise is just waiting around the corner. Come end of February, 57 tariffs across a range of suppliers are set to end – leaving those who are caught unaware struggling to pay the bills. The highest increase will mean that customers will be expected to pay an additional £312.34 for the same amount of energy!
In addition, the biggest exit fees come in at £40 – all considerations for those wishing to switch suppliers at this financially critical time.
Says Victoria Arrington, expert from price comparison site energyhelpline;
“This data once again clearly shows the consumers are too often the losers in the fight for a fair energy deal. What a rough start to 2018 for all these customers attached to these 30 tariffs – for too many, they simply will not be able to meet these increased costs.
We will make it our mission for 2018 to get people to switch supplier in a bid to save them as much money as possible. It’s wrong that customers might be caught unawares with these tariff end dates and we need to educate the British public on how simple it is to switch. The average switch can save a customer up to £300* and takes between 5 and 10 minutes to do.
It’s hard enough paying off the Christmas season and these increases are going to once again hit the most vulnerable in our society. We all need to act now”.
TARIFFS ENDING JANUARY 31st
TARIFFS ENDING 28TH FEBRUARY
|* Saving calculated against an average bill of £1,135 (Average of Big 6 energy suppliers’ Monthly Direct Debit payment method standard tariffs) after price rises enacted.|
|1. Source: energyhelpline.com, 02/01/18|
|2. All calculations are for an average usage dual fuel household paying by monthly direct debit.|
|3. Average usage as defined by OFGEM is 12,000 kWh pa of gas and 3,100 kWh pa of electricity|
|4. Includes publicly available tariffs that are available in at least 12 of the 14 regions of the UK. Excludes exclusive, collective and other tariffs that are not generally available|
|Last Updated by: Oliver Reilly 02/01/2018|