Energy customers in Eastern England face biggest price rises

Gas flame of a stove in the dark

A new MoneySuperMarket analysis reveals that the recent price hikes from five of the Big Six energy companies will see them collecting an extra £1 billion from bill-payers.

EDF, npower, E.ON, Scottish Power and SSE have all announced price hikes ranging from one to ten per cent. According to MoneySuperMarket, affected households will be paying £80 more a year for exactly the same amount of energy.

How to beat the energy price hikes and save £200

And it's households on standard variable tariffs in the East of England who will be worst hit, with bills rising by an average of £88. Almost a quarter of households on Big Six tariffs in this area are with npower, which announced the highest price rise at 10%. A third are with Scottish Power, which increased prices by 8%.

And, says MoneySuperMarket, these households could save £388 by switching to a fixed rate tariff.

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Meanwhile, most households in North Wales, Merseyside and Cheshire on Big Six tariffs are with EDF, which announced a price rise of only 1%. These will see the smallest price hikes, at an average of £58.

On average, says MoneySuperMarket, households affected by the price rises could save almost £400 by shopping around and switching providers.

Government to target energy prices as customer switching 'not working'

Even those with British Gas, which is freezing standard variable tariffs until August 2017, are still typically paying £1,174 annually - 34% more than the cheapest fixed deals on the market.

"The message is loud and clear for the millions of people hit by Big Six price rises: shop around if you're on a standard variable tariff, or if you're on a fixed deal that's coming to an end," says Stephen Murray, energy expert at MoneySuperMarket

"Collectively, customers could save £7.4 billion by standing up to price rises and shopping around - that's well worth the seven minutes it takes to switch deals."

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