Gas and electricity Updated:
Fixed rate tariffs are climbing in price following announcements that British Gas, Scottish Power and npower will be hiking charges this winter.
The cheapest fixed rate has now risen by £48 a year, from £1,040 to £1,088, whilst the cheapest fixed rate tariff that doesn't charge cancellation penalties has climbed £88 per year since the first supplier announced price hikes, according to research by Energyhelpline.com.
British Gas was the first provider to announce average price increases of 6%, with npower following closely behind, announcing average increases of 8.9%. Yesterday Scottish Power announced price increases of 7%.
"This research shows that customers can beat the price rises by switching to a fixed rate energy tariff. But they need to act fast and switch today," said Energyhelpline.com's director Mark Todd.
New Energy Fixed
Prices fixed for 12 months
iSave Fixed v4
Prices fixed until 30th June 2014. Earliest go live date is 1st Jan
Online Fixed Price Energy April 2014
Fixed until 31 March 2014
Blue +Price Promise May 2014
Fixed until 1 May 2014
Green Energy Fixed
Age UK 1 Year Fix
Prices fixed for 12 months (only available to over 60s)
1 Year Fix
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 Any products featured may be withdrawn by their provider or changed at any time.
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