Energy bills: Households set for costs to rise by hundreds of pounds
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.
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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.
Households could save up to £234 a year by switching energy providers as the price cap increases today, new research indicates. Customers on expensive default tariffs are encouraged to shop around as the Ofgem cap rises from £1,042 to £1,138 for an estimated 11million people. The £96 hike, announced in February, only affects those on prepayment meters or standard variable deals, meaning those who switch to fixed options could save hundreds each year. There are currently 62 fixed deals on the market cheaper than the new energy price cap, according to data from Uswitch. Households have be...