Half a Million at Risk: Energy Bills May Rise in 2025
According to Uswitch.com, close to 500,000 households could see their energy bills swell by up to £50 million this month. Ninety fixed‑term deals across 19 suppliers are set to expire, and that could mean a price hike for many.
If you’re one of the 486 559 customers who can save an average of £103 by switching to a cheaper plan, congratulations – you’re in a good spot. But if you’re tied to Ovo Energy, npower or British Gas, you could be looking at increases of £269, £174 and £168 respectively.
What Happens If You Don’t Switch?
Those who stay put will typically be rolled onto their supplier’s default “Standard Variable” tariff – often the least valuable plan on the market.
How Much You Can Save
- You could save up to £404 by moving to the cheapest deal, when the difference between that deal and the price cap is highest for a seven‑month period.
- The biggest recent gap was between the end of July and the end of September 2019, at £434 – not far from today’s numbers.
Expert Insight
“The gap between the price cap and the cheapest deal hasn’t been this wide for more than half a year,” says Will Owen, an energy expert at Uswitch.com. “It means there are huge potential savings for thousands of homes, and you can beat the price by switching now.”
The cheapest fixed tariffs are getting cheaper thanks to falling wholesale costs and suppliers cutting prices to win new customers. But there’s a warning for the half a million customers whose deals are due to end this month:
They could face an average £103 hike if they’re not careful and stay on the expensive “Standard Variable” tariff. With household energy usage up during lockdown, no one wants to pay more than they need to.
“Don’t let yourself slip unwittingly into a price hike. Compare the deals today and see if you can move to a cheaper plan,” reminds Will Owen.
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