ENERGY prices in the UK set to soar, uSwitch energy has revealed. USwitch UK found 50 deals are ending this month, including those from EDF and Npower, meaning households could see a bill hike of up to £399.]
Fifty deals are set to end this summer compared to 33 in the same period last year.
A number of popular deals from eight well known suppliers including EDF and Npower are set to end this month.
This means families on these tariffs risk being automatically shifted onto a much pricier tariff.
There are fourteen of these fixed deals ending.
USwitch claim households could see a bill hike of up to £399 – a whopping 51 per cent – if they roll over to an expensive standard variable tariff.
The company is urging consumers not to get caught out this summer.
There are more fixed energy plans ending this summer than ever before according to uSwitch.com.
If they take no action, the customers facing the biggest hikes are those with npower (£399), First Utility (£364) and EDF Energy (£360).
Ofgem’s rules allow customers to switch suppliers without paying exit fees from 42 days before their plan end date, so consumers are free to shop around without being penalised.
Claire Osborne, uSwitch energy expert, says: “But with so many bills set to rocket this month, it’s vital to act now to avoid being rolled onto sky-high tariffs.
USwitch claim households could see a bill hike of up to £399
“Don’t join the 16 million households languishing on poor-value standard tariffs.”
Energy bills are costing the majority of British customers much more than necessary, as providers keep them on the most expensive tariff without informing them cheaper options are available.
Currently, 17 million Britons are on the most expensive standard variable tariffs (SVTs) – dubbed a ‘rip off’ tariff by consumers.