2.3m people on UK’s ten most expensive tariffs

2.3 million people are on the UK’s ten most expensive energy tariffs, analysis by consumer collective The Big Deal has revealed.

Customers on these high cost tariffs are paying as much as £361 more for their energy than they would do if they were on the cheapest deal.

Topping the list of the “worst” tariffs is Co-op Pioneer Variable Quarterly Billing which comes in at £1,184 for an annual dual fuel bill. Four of the big six are listed in the ten highest priced tariffs – Npower, Scottish Power, SSE and EDF – all of them with a standard variable tariff. Two companies feature twice – SSE and Green Star Energy.

The Big Deal’s head of research Edward Molyneux said: “This new research shows some of the outrageously high prices people are paying for their gas and electricity in the country. It’s little surprise the big six feature heavily. Half of the ten worst deals in the country are from the big six which means millions of people are on the very worst deals out there.

“What’s worse is that the big six call these deals ‘standard’ which hugely misleading. The government and regulator should force the big six to rename these tariffs as ‘emergency tariffs’ to encourage people who are on them to act and get off them as soon as possible.

“If you’re on these tariffs you are being taken for one of the biggest rides in the country.”

Below is The Big Deal’s full list:

  Rank  

Deal

  Fixed or Variable  

  Payment Method 

  Price  

1

Co-op Pioneer Variable Quarterly Billing

Variable

Cash or cheque

£1,184

2

Spark Energy – Tenant Saver

Variable

Cash or cheque

£1,181

3

Npower – Standard

Variable

Cash or cheque

£1,172

4

Scottish Power – Standard

Variable

Cash or cheque

£1,161

=5

SSE / M&S Standard Paper Billing

Variable

Cash or cheque

£1,147

=5

SSE – 2 year Fix & Shop v2 Paper Billing

Fixed

Cash or cheque

£1,147

7

Green Star Energy – Green Saver Fixed 12M 1611 Paper Billing

Fixed

Cash or cheque

£1,144

=8

  Green Star Energy – Rate Saver 24 Month Fixed 1611 Paper Bill  

Fixed

Cash or cheque

£1,139

=8

EDF – Standard (Variable)

Variable

Cash or cheque

£1,139

10

Utility Warehouse – Value

Variable

Cash or cheque

£1,138

The research does not cover pre-payment meter tariffs; paperless tariffs which also have a paper billing option; or those sold by the companies Utilita and Ebico which “offer products that are not comparable to others on the market”. The figures are based on Ofgem’s ‘medium’ consumption profile – 12,500kWh of gas and 3,100kWh of electricity.