Page 2 - Standard Variable Tariff News Today

ALEX BRUMMER: Global gas prices are soaring and millions of British households face a huge shock when the tariff cap is raised in April.

Some respondents wanted to take more expensive measures, with 18 per cent saying they wanted to source their own energy at home, for example by installing solar panels.

1 person found this useful Electric vehicle (EV) drivers could face an increase in household energy bills of more than £1,000 a year if they don’t use a suitable electricity tariff for vehicle charging. Energy prices in the UK increased on April 01, 2021, so many households - including those with drivers who charge company vehicles at home - will now have larger electricity utility bills to pay, according to vehicle home charger and energy comparison site Rightcharge.co.uk....

Some 56 fixed deals are finishing this month, with more than 1.3m homes facing a £324m rise to bills in total, according to data from Uswitch.

There’s no denying that potential energy cost savings are small at the moment. But don’t let that put you off switching to a cheaper deal if you’re on an out-of-contract tariff. Last March, customers could have saved more than £300 per year by switching gas and electricity deal. Currently, the biggest saving for an equivalent home is £139. Savings look smaller because the price cap on standard (or out-of-contract) energy deals is around £100 lower than it was a year ago. But deals also...

The Big Six have long been known as the firms that take up the lions share of energy customers in the UK and have traditionally included the same six companies. However, in recent years, an influx of small suppliers have saturated the market, looking to give consumers the best value tariffs and the most efficient customer service. This has led to challenger suppliers stealing customers away from the Big Six – and even taking their spot in the table.  In a time when many face financial uncert...

If you switch energy supplier you could save around £128 a year – likely more when the energy price cap increases. Find the cheapest energy supplier for you, using Which? Switch.

UK households face an £84 million energy bill hike by the end of January. That’s the forecast from comparison and switching service Uswitch, whish suggests households could see their bills rise by £171 on average, as they are moved automatically onto a Standard Variable Tariff after the end of their fixed deals. The analysis highlights there is currently a £161 gap between the cost of the best deals on the market and the default energy price cap, which sits at £1,042. Sarah Broomfield, En...