Different between big six energy companies’ fixed price deals and standard variable tariffs widens by more than half since price hikes over winterThe gap between the best and worst energy tariffs offered by the big six suppliers has widened by more than half since a round of price hikes over the winter. The difference between the firms’ cheapest fixed deals and their most expensive ones, standard variable tariffs, jumped from £70 last November on average to £109 in June, according to challenger supplier Bulb. Standard variable tariffs landed the big six in the crosshairs of Theresa May, who promised to impose a price cap to address the “injustice” of families collectively paying £1.4bn over the odds because of the gap. One of the worst examples in June was the £328.98 chasm between Npower’s cheapest deal and standard variable rate, for customers in Greater London. All of the big six, apart from British Gas, hiked their standard variable tariffs in the past six months.

Source: The Guardian July 24, 2017 04:52 UTC