Gas and electricity Updated:
After a long, hot summer the last concern on consumers' minds will be paying for gas and electricity bills in the cold months ahead, but, with prices expected to rise again, now might be the perfect time to fix your bills.
The comparison site Energyhelpline predicts that in the next few months the Big Six energy providers (British Gas, EDF Energy, E.ON, npower, Scottish Power and SSE) will have announced price increases of between five and ten percent.
This would push the average consumer's annual energy bill up from £1,420 to £1,560 – a £140 increase per year.
Meanwhile, research reveals that 86% of the 2,897 consumers who switched via energyhelpline's service between the 1st and 5th of September opted for a fixed rate tariff in order to protect themselves from future price hikes.
In August, switching levels increased by 36% from the previous month.
"Most households, over 20 million in fact, are not on a fixed rate tariff and are likely to face a nasty shock come winter if they choose not to act," said Mark Todd, director of energyhelpline.
"Typical energy prices will probably have hit new record highs of over £1,500 a year by the end of the winter."
Recently, a number of competitive fixed price tariffs have been launched, but consumers have been warned that these deals might not be around for too much longer.
Below is a list of the top 10 fixed price energy tariffs currently available.
Saving vs non switcher's typical bill*
Fix & Save
Sep 30, 2014
Online Price Fix October 2014
Oct 31, 2014
Online Fixed Price Energy November 2014
Blue+Price Promise December 2014
Dec 31, 2014
Fixed 1 Year v4
iSave Fixed v8 September 2014
iSave Fixed v10 January 2016
Jan 31, 2016
Price Protector September 2016
Sep 30, 2016
Price Freeeeze November 2016
Nov 30, 2016
Help Beat Cancer Fixed Price Energy January 2017
Dec 31, 2016
Switch today and save up to £320 on your gas and electricity
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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