Millions of homeowners are preparing for increases to their energy bills as 84 fixed tariffs are set to come to an end in the next two months.
According to research from Moneysupermarket.com, suppliers are axing 52 fixed deals before the end of this month and another 32 before the end of July. Customers who don’t switch onto a new cheap tariff are usually shifted onto a variable rate, commonly more expensive than their previous rate.
British Gas, EDF, Npower and Scottish Power are the biggest suppliers with rates ending, but some smaller suppliers are following suit, including Co-operative Energy, First Utility, PFP Energy and Sainsbury’s Energy.
Stephen Murray, energy expert at MoneySuperMarket,…