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Loan charges: Fixed price tariffs could cost Brits £210

British energy customers on fixed price tariffs could find their energy bills soar by an astonishing £210 next year, according to a new report.

Comparison site explained that being on a fixed tariff can save a customer money. However, when it comes to an end, they could find their bills quickly rise as they get automatically switched to the most expensive tariff, leaving less cash available to cover expenditures such as loan charges.

The government has plans in place to ensure energy firms can no longer do this, but it is only in consultation at present and may not come into force until 2014.

Those on the Online Energy Saver 15 (Paperless Billing) tariff will find their bills grow by £210.38, while others will grow by between £131.21 and £162.84.

"We regularly recommend that consumers look at fixed and capped tariffs as a way of protecting themselves against price rises, however these figures clearly highlight the need for consumers to make a note of when their fixed price deals come to an end," said Kate Rose, head of energy at

If they do not, it could eradicate the savings they have made by being on the fixed tariff in the first place.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801499171-ADNFCR

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