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Halloween horror as energy bills rise by up to £383 in October

17th October 2016 Print

Households could be set for a fright this Halloween when energy bills leap by £122.82 (13.65%) as 14 fixed dual fuel deals expire on 31 October. However, customers could save as much as £366 by shopping around for a better deal.

Gocompare.com Energy found that of the 14 dual fuel tariffs set to expire, 11 will result in higher bills for customers if they allow themselves be rolled onto their supplier’s standard tariff. Suppliers with tariffs coming to an end include; Co-operative Energy, EDF Energy, First: Utility, Flow Energy, Npower, Sainsbury’s Energy and Scottish Power.

Scottish Power customers on the Online Fixed Price Energy October 2016 tariff will see the largest average UK rise of £196.71 (22.26%). However, First: Utility customers on the iSave Fixed October 2016 v2 tariff who live in the Norweb region - which includes Cumbria, Lancashire, Greater Manchester, Derbyshire, Cheshire and parts of North Yorkshire -  will see the largest average regional increase and can expect a price rise of up to £382.89 (45.67%).

Ben Wilson, energy spokesperson at Gocompare.com, said: “With autumn well underway many families will be firing up the thermostat over the next few weeks. Research found that Sunday 16 October was when the majority of people turned on their central heating, so now is the ideal time to shop around and ensure that you’re not paying over the odds for your energy.

“While putting on an extra jumper could help save a little bit of money, you could save hundreds of pounds just by taking a few minutes to switch your energy supplier. Half of customers who switch their gas and electricity with Gocompare.com save at least £366.

“Comparing and switching tariffs is quick and easy to do, there should be no disruption to your energy supply and you won't even need to contact your existing provider to end your contract – your new supplier will take care of that for you, so just sit back, turn the heating on and let the savings roll in.”