From 15 October 2012 SSE’s battered customers will be faced with the burden of having to pay an extra £102 a year to heat their homes.
But while the vast majority of SSE customers are guaranteed a thumping great price increase, they are not going to be the only ones. Although none of the other of the Big 6 energy suppliers has yet announced price increases, many customers will nevertheless face higher prices simply as a result of their tariffs expiring.
Over the next 2 weeks 8 tariffs will expire meaning that customers on these deals (listed below) will end up back on expensive Standard tariffs. In some cases this will mean increases of up to 30%. Customers with the cheapest current deals will end up seeing the biggest increases. Unless that is, they choose to do something about it.
What we think
The next month will see a lot of very cheap legacy tariffs coming to an end. This means that some consumers will see price increases of 20% to 30% if they do nothing. Not a good situation to be in at all. If you have recently come off of a cheap deal, or are about to, you really need to shop around to make sure you get the most out of the competitive energy market. Energy suppliers like to put customers onto expensive standard tariffs whenever they get the chance. The way to fight back is by shopping around.