Our research has found that 78 fixed energy contracts are coming to an end tomorrow – Friday 31st of May.
This means that hundreds of thousands of people will roll on to their supplier’s default tariff – the most expensive deal.
This is an average jump in price of £212.
The worst culprit is Npower with bills going up by an average of £362 a year!
Unfortunately, this is how ‘the loyalty penalty’ works. You are offered a competitive price as a new customer but get whacked with a price hike after your contract is up.
This makes little sense to us. Having to constantly be on your toes and switch every year means far too many people lose out.
Few people switch and even fewer remember to every single year. This is why we set up our autoswitching service in the first place.
Auto-switching is not the same as auto-comparison sites. Comparison sites offering an auto version is essentially an auto reminder or an auto comparison, whereas auto-switching reminds, compares and switches you.
Auto-switching means the switch process is managed for you, it auto compares the market to find the best deal for you then switches you to it automatically.