If your energy deal is coming to an end in May, now is the time to switch before you are automatically rolled on to an even more expensive tariff.
Signing up for a fixed energy tariff can give you peace of mind that your bills won’t shoot up if a supplier increases its prices. But when the fixed period ends, companies often move customers onto their standard tariffs instead. A company’s standard tariff is usually the most expensive one it offers.
To help you avoid getting put on a pricier deal, we’ve rounded up the fixed energy deals that are due to come to an end this month. If yours is on the list, it could be time to switch.
To see how much you can save by switching energy suppliers, use our independent price comparison site Which? Switch to find the cheapest deal for your household. You can call Which? Switch on 0800 410 1149 or 01259 220 235
Fixed energy deals ending in May
Check your bill to see when your fixed tariff is ending. If it’s listed below, then you should consider switching to a new, cheaper tariff before you get placed on your energy company’s most expensive tariff.
|Fixed energy deals ending in May 2016|
|Supplier||Tariff||Average price||Standard tariff||Average price increase|
|Co-operative Energy||Fair & Square May 2016||£901||£1,089||£188|
|Co-operative Energy||Fixed to May 2016||£1,125||£1,089||-£36|
|EDF Energy||Blue+Price Promise May 2016||£953||£1,069||£116|
|First Utility||iSave Fixed May 2016||£892||£1,047||£155|
|First Utility||Power Play Fixed May 2016 (v19)||£1,043||£1,047||£4|
|M&S Energy||M&S Energy Fix & More July 16||£1,087||£1,056||-£31|
|npower||Online Price Fix May 2016||£1,007||£1,077||£70|
|npower||Price Fix May 2016||£884||£1,077||£193|
|Sainsbury’s Energy||Price Freeze May 2016||£955||£1,044||£89|
|Sainsbury’s Energy||Price Promise May 2016||£941||£1,044||£103|
|ScottishPower||Online Fixed Price Energy May 2016||£897||£1,071||£174|
Table notes:Prices are based on a dual fuel tariff, averaged across the UK, for a household with average consumption (using 3,100 kWh of electricity and 12,500 kWh of gas a year), paying by direct debit. Exact prices can vary according to region, usage and payment method. Other tariff ending in May are First Utility v2 £882, First Utility v3 £882, Sainsbury’s SE Fixed Price May 2016 £911.
Prices have been rounded up and are correct as of 10 May 2016
Switch your energy deal now and avoid exit fees
Your energy company has an obligation to let you know your tariff is ending 42 and 49 days before its end date. But, you don’t have to wait until the tariff has ended to switch, as suppliers are not allowed to change an exit fee during this time.
If your tariff ends in May, you should be able to switch now and avoid any exit fees.
Energy customers in the UK are getting savvier about switching to a better energy deal. Energy regulator Ofgem says that between January and March this year over a million households switched suppliers. Around half of these moved to an independent supplier.
Top five cheapest energy deals
The top five cheapest energy deals all come in around £750 a year for a medium energy user.
- Avro Energy – Simple and Power – £744
- Sainsbury’s Energy – Fixed Price May 2017 – £750
- So Energy – So Duck – £750
- GnERGY – GnERGY Fixed June 2017 – £751
- PFP Energy – Together September 2017 – £752
The prices shown above are from Energylinx, based on the details of a dual fuel medium user using 12,500kWh of gas and 3,100kWh of electricity a year, paying by monthly direct debit and choosing paperless billing. Prices are averaged across all regions and correct as of 10 May 2016.
Price is important, but so is customer service. Our guide to the best and worst energy firms reveals the top rated firms based on our unique Which? customer survey.