Post energy price cap deals – don’t fall for them!

Speculation has long been brewing around what the fall-out would be when the energy price cap finally came in earlier this month.

The energy price cap is the threshold at which an energy supplier can set their standard variable tariff. This is currently no higher than £1137. You can read our full blog on the energy price cap here.

So are people now protected from shocker bills appearing through their letter box? Are energy suppliers playing ball?

Our new research shows things aren’t as rosy as we might think. Suppliers are actually offering a number of other deals much more expensive than the price cap.

We have been featured in the Mirror, the BBC and Your Money for our research.

What does our price cap research show?

We have found that there are a huge 66 energy deals higher than the price cap. The most expensive is a staggering £175 more expensive than the price cap.

Every single one of the Big Six energy companies has a deal more expensive than the price cap.

Top 5 worst deals more expensive than the price cap

# Supplier Name Tariff Name Cost Tariff Type Green or not green Duration Exit fee
1 EBICo Ebico Prime Fixed 18 v2 1312.29 Fixed No 18 months £60
2 First Utility StuRents Fixed February 2020 1288.12 Fixed No Until Feb 2020 £100
3 First Utility First Control December 2020 v3 1276.92 Fixed No Until December 2020 £100
4 EBICo Ebico Prime Fixed 18 v2 – Paperless 1267.29 Fixed No 18 months £60
5 PFP Energy Simple Clear 1265.32 Variable No Variable None

You can see the full list at the bottom of this blog.

How are energy suppliers allowed to do this?

Standard variable tariffs (SVT) are notoriously the worst value deals on the market. This is an energy company’s default tariff and this is the one which has to comply with the price cap.

However, other variable deals or fixed deals are not capped.

These are the deals you now have to look out for!

I thought fixed deals offer price protection?

Fixed deals are thought to be the safe option. The pros of a fixed deal are that you have a fixed rate throughout your contract, meaning you are never affected by price rises.

However, 59 of these deals are fixed and frankly, very expensive.

The priciest is £175 higher than the cap and around £345 more than what you could pay on the cheapest deal.

Can I leave the deal?

Yes but at a cost. For example, British Gas’ fixed deal has an exit fee of £80 for gas and electricity.

Top 5 worst Big Six deals and exit fees

# Supplier Name Tariff Name Cost Tariff Type Duration Exit fee
1 British Gas Everything Online Green Dec 2021 1255.04 Fixed 24 months £80
2 npower Price Freeze March 2023 1254.61 Fixed Until March 2023 £60
3 British Gas HomeEnergy Secure May 2021 1230.36 Fixed Until May 2021 £80
4 ScottishPower Help Beat Cancer Fix and Save January 2021 1228.81 Fixed Until January 2021 None
5 npower Super Fix September 2021 1211.56 Fixed Until September 2021 £100

Is there no escape?

It can seem at every twist and turn, you can’t escape a rip-off deal. It is becoming harder and harder to feel confident with the deal you go for.

How do auto-switching services solve this?

With our service we assess the market on your behalf and make sure this is a competitive deal in every sense of the word.

Outsource the decision to the experts and we will wade through the jargon, review industry advice and ratings and take time to consider your needs – including customer service not just a cheap price.

The great thing is you can reap the benefits of a variable deal or a fixed deal. We’ll make sure the price is worthwhile before you go into a fixed deal and we’ll never make you pay early exit fees unlike other auto-switching services.

You can also get a cheap deal on a variable but we’ll keep an eye on the price and if it goes up, we’ll switch you over to a new deal – no fuss.

You can be safe in the knowledge that you’ll never overpay for your energy bills with us.

Sign up to our service by clicking here

# Supplier Name Tariff Name Cost Tariff Type
1 EBICo Ebico Prime Fixed 18 v2 1312.29 Fixed
2 First Utility StuRents Fixed February 2020 1288.12 Fixed
3 First Utility First Control December 2020 v3 1276.92 Fixed
4 EBICo Ebico Prime Fixed 18 v2 – Paperless 1267.29 Fixed
5 PFP Energy Simple Clear 1265.32 Variable
6 First Utility StuRents Fixed February 2020 – Paperless 1264.12 Fixed
7 British Gas Everything Online Green Dec 2021 – Paperless 1255.04 Fixed
8 Green Star Energy Fix for Longer 18M v1 1254.97 Fixed
9 Green Star Energy Fix for Longer 24M v1 1254.97 Fixed
10 npower Price Freeze March 2023 – Paper and Paperless 1254.61 Fixed
11 First Utility First Control December 2020 v3 – Paperless 1252.92 Fixed
12 First Utility First Fixed November 2020 v3 1251.31 Fixed
13 Green Star Energy Fix for Longer 18M v1 – Paperless 1239.97 Fixed
14 Green Star Energy Fix for Longer 24M v1 – Paperless 1239.97 Fixed
15 Orbit Energy Easy Fix 36 – Oct18 – Paperless 1239.66 Fixed
16 British Gas HomeEnergy Secure May 2021 – Paper and Paperless 1230.36 Fixed
17 ScottishPower Help Beat Cancer Fix and Save January 2021 1228.81 Fixed
18 ScottishPower Help Beat Cancer Fix and Save January 2021 Online – Paperless 1228.81 Fixed
19 First Utility First Fixed November 2020 v3 – Paperless 1227.31 Fixed
20 First Utility First Fixed January 2022 1225.75 Fixed
21 PFP Energy Simple Clear – Paperless 1225.32 Variable
22 Green Star Energy Fix for Longer 36M v1 1222.41 Fixed
23 npower Super Fix September 2021 – Paper and Paperless 1211.56 Fixed
24 GnERGY GnERGY Super Saver – Paperless 1211.43 Variable
25 E.ON Fix 2 Year with Clean & £2 – Paper and Paperless 1209.2 Fixed
26 ScottishPower Help Beat Cancer Fixed Saver January 2021 1209.17 Fixed
27 ScottishPower Help Beat Cancer Fixed Saver January 2021 Online – Paperless 1209.17 Fixed
28 Green Star Energy Fix for Longer 36M v1 – Paperless 1207.41 Fixed
29 npower Go Green Energy Fix September 2020 – Paperless 1202.88 Fixed
30 First Utility First Fixed January 2022 – Paperless 1201.75 Fixed
31 British Gas HomeEnergy Fix Jan 2020 – Paper and Paperless 1199.44 Fixed
32 Sainsbury’s Energy Price Freeze January 2020 – Paper and Paperless 1199.44 Fixed
33 GB Energy Supply GB Fixed Green Energy Nov 19 – Paper and Paperless 1199.21 Fixed
34 Simplicity Energy DWMExclusiveWinter18v1 – Paperless 1198.86 Variable
35 Simplicity Energy MEXExclusiveWinter18v1 – Paperless 1198.86 Variable
36 ESB Energy 1 Year Price Protect v2 – Paperless 1197.71 Fixed
37 npower Price Fix September 2020 – Paper and Paperless 1195.03 Fixed
38 OVO Energy Better Energy 18/12/2018 – Paper and Paperless 1195.01 Fixed
39 Spark Energy Digital Saver v1 – Paperless 1195 Variable
40 ScottishPower Online Fix and Save January 2020 – Paperless 1192.86 Fixed
41 OVO Energy 2 Year Fixed 18/12/2018 – Paper and Paperless 1190.18 Fixed
42 Spark Energy Simple Saver March 2021 1188.5 Fixed
43 Ecotricity Green EV & Green Gas 1187.19 Variable
44 E.ON Fix 1 Year with Clean & £2 – Paper and Paperless 1185.21 Fixed
45 E.ON Fix 2 Year – Paper and Paperless 1185.21 Fixed
46 PFP Energy Together – October 2019 – fixed e5 – Paper billing 1184.38 Fixed
47 npower Go Smart Yorkshire Fix April 2021 – Paper and Paperless 1184.04 Fixed
48 EDF Energy Blue+Price Freeze Feb21 – Paperless 1181.23 Fixed
49 ScottishPower Online Fixed Saver January 2020 – Paperless 1173.22 Fixed
50 SSE SSE Smart 1 Year Fixed – Paper and Paperless 1172.61 Fixed
51 First Utility First Smart March 2020 v2 1171.44 Fixed
52 EDF Energy Blue+Price Protection Jan20 – Paperless 1171.31 Fixed
53 EBICo Ebico Evergreen 12 Fixed v2 1167.82 Fixed
54 Robin Hood Energy Clean and Green v2 1167.82 Fixed
55 Engie ENGIE Control Sept 21 – Paperless 1162.71 Fixed
56 E.ON Fix 1 Year – Paper and Paperless 1161.22 Fixed
57 Bristol Energy 2-Year Fix Green Issue 3 1156.66 Fixed
58 TOTO Energy TOTO Fixed Saver – 18 months v4 – Paperless 1153.17 Fixed
59 TOTO Energy TOTO Smart Fixed Saver – 18 months v4 – Paperless 1153.17 Fixed
60 PFP Energy ClearFixed 12 v14 – Paper billing 1152.86 Fixed
61 E.ON E.ON Smart Saver 1 Year v7 with Clean £2 – Paper and Paperless 1149.19 Fixed
62 First Utility First Smart March 2020 v2 – Paperless 1147.44 Fixed
63 PFP Energy Together – October 2019 – fixed e5 – Paperless 1144.38 Fixed
64 E.ON Fix Online with Clean & £2 – Paperless 1141.22 Fixed
65 Spark Energy Simple Saver March 2021 – Paperless 1140.5 Fixed
66 SSE SSE 1 Year Fix & Protect – Paper and Paperless 1137.87 Fixed