Consumers warned of energy price hikes as suppliers axe their cheapest deals

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Energychoices.co.uk is urging customers to keep their eyes open for energy price hikes as Npower becomes the latest supplier to withdraw its cheapest online deal.

Online energy deals are changing constantly, so it is more important than ever for you to keep a beady eye on what is happening to energy prices and make sure you switch to the best tariff available as and when is ne

Energychoices.co.uk is urging customers to keep their eyes open for energy price hikes as Npower becomes the latest supplier to withdraw its cheapest online deal.

Npower replaced its Sign Online 19 tariff yesterday with its new Sign Online 20 tariff.

The new version of the tariff is 7% more expensive, signalling the start of a bout of online energy price hikes, according to Energychoices.co.uk

Chris Eagle, commercial manager at Energychoices.co.uk, says: “Although Npower’s online energy prices are on the increase, they are still noticeably cheaper than its standard rates.

“In general online energy tariffs from the ‘big six’ are a lot cheaper than their standard tariffs, but the gap between the two is beginning to shrink.”

The average household that signs up for dual fuel with the Npower Sign Online 20 tariff will pay around £952 a year, saving them £255 a year compared with Npower’s standard tariff, and the supplier guarantees to offer discounted rates on its standard tariff until December 2011 with the Sign Online 20 tariff.

Eagle warns however that customers should be aware that the price they pay will depend on Npower’s standard rates, which could go up at any time.

Sign Online 20 is only available to customers who pay their energy bills by direct debit and sign-up for online account management.

“Scottish Power has undercut Npower as the cheapest ‘big six’ supplier, and currently offers the best online energy deal on the market,” adds Eagle. “Its Online Energy Saver 11 tariff will cost around £872 a year for the average household on a dual fuel tariff.”

Outside of the “big six” suppliers however, when it comes to dual fuel deals, newcomer First:utility is even cheaper in most parts of the UK.

Eagle says: “The main point here is that online energy deals are changing constantly, so it is more important than ever for you to keep a beady eye on what is happening to energy prices and make sure you switch to the best tariff available as and when is necessary.”

About Energychoices.co.uk

Energychoices.co.uk was launched in 2005 and allows users to compare energy prices.
Energychoices.co.uk is part of the Consumerchoices.co.uk group of websites. Consumerchoices.co.uk provides news, guides and expert advice to help customers save money on all their household bills.

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Andy Williams
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