86 energy tariffs set to end in December
The cheapest energy tariffs tend to be fixed-term, fixed-rate deals. Customers with these deals need to be aware of their tariff’s end-date, so that they can look for another great deal to take its place and avoid being rolled on to the often more expensive standard or default tariff.
Our snapshot lists the 86 energy tariffs that end in December 2019, so if yours is on the list, now’s the time to look for a new deal that could save you money.
While we know that some of you can be put off switching energy providers, many of you have already discovered that it can be worth it and have benefited from some amazing energy deals.
So what kind of savings can be made with these switches? Some of the figures might surprise you.
Customers who switched with us in November 2019 to E.ON’s Fix Online Exclusive Plus tariff made an average saving of £506. The next highest saving was with EDF Energy, as customers who switched to the Simply Online 1 Year Fix Dec20v3 tariff saved an average of £360.
The Big Six
Over the past year, we’ve seen people leaving the Big Six in large numbers. However, November continues the trend from October, with more of you switching to one of the Big Six suppliers (around 21%) rather than left.
Perhaps that’s because all of our top five highest saving tariffs in November came from the Big Six suppliers. A big worry for customers is whether smaller suppliers are as reliable as bigger and better-known suppliers, or whether there are adequate protections in place if a provider goes bust. However, you can rest assured if you’re looking to switch to a smaller supplier, as Ofgem has introduced safety measures and guarantees to protect customers in these circumstances, so you’ll never lose your supply.
Great deals can be found right across the energy market, so it’s always a good idea to compare all types of supplier to find one that meets your needs.