Summary
Customers who signed up to low-cost fuel deals could face a pound(s)200 hike in their annual bills as cheap energy plans expire. A number of guaranteed tariffs dating back to 2009, including fixed- priced plans that safeguard households from energy price rises, are due to end this month and next. Npower's SignOnline V18, for example, costs on average pound(s)851 a year. But the plan runs out on June 30 according to uSwitch.com, the price comparison service. The firm's standard energy deal costs pound(s)1054, pound(s)203 more, or a jump of about 20%. Customers who signed up to E.ON FixOnline 7 face an even bigger price hike. The fixed deal costs on average pound(s)806, compared with E.ON's standard package at pound(s)1033, a price leap of pound(s)227.
Energy deals offering some sort of price guarantee have proved popular as household bills have steadily increased. Just under seven million households now have a guarantee, according to the latest figures from Ofgem, the energy regulator. But they need to be alert to any forthcoming changes. Emma Bush, energy expert at uSwitch.com, says: "Customers who flocked to cheap energy deals, including fixed- price plans, could see energy costs rocket as deals expire."See the full content of this document
Extract
Why
Some households could, however, save money. E.ON's Track and Save Version 4, for example, costs pound(s)1000 a year on average. It is pound(s)33 a year cheaper than the firm's standard plan. However, it is ...
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