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Best energy tariffs with bills set to soar for many this month


More than 218,000 households could see energy bills rise by as much as £331 with 157 fixed deals coming to an end this month, new research has revealed.
With a number of plans expiring in the next two weeks, customers are reminded to switch their tariff before they are put onto a pricey default deal.
Rolling off fixed term deals onto default tariffs could collectively cost UK households an extra £61million a year, compared to their current energy costs, an average of £280 per home, the data from Compare the Market shows.  
Customers on British Gas  Energy and Boiler Cover May 2021v4 would see the potential biggest rise from £806.26 to £1,138.18 - an increase of £331.92.  ....

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How much extra energy have you used working from home?


Homeworkers spending far more time indoors could face a bill shock from their usage over the last three months once they submit readings, data suggests. 
With more devices plugged in, heating on and consumption up, typical bills could be £113 higher from January to March usage than usual.
In the first three months of the year, households typically consume almost 30 per cent of their annual energy making it the most expensive quarter of the year.
This, combined with the added cost of spending more time at home and the cold snap from Storm Darcy, could see many households face a shock bill, according to data from Compare the Market. ....

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Best energy deals: Fixed-rate tariffs due to end for 250k households


Ofgem, the energy regulator, recently announced the default energy price cap will change from its current level of £1,042 to £1,138.
The increase of £96 includes an additional £23.69 energy suppliers can charge a year to help them cover for coronavirus-related costs.
Separate research from Compare the Market s financial confidence tracker shows annual energy costs would only have to rise by an average of £85 in order to tip households with children at home into financial difficulty.
Peter Earl, head of energy at Compare the Market, said: Households that do not switch when their fixed tariff ends very often face a significant increase to their energy bills, as they will be automatically moved to their supplier s higher priced standard tariffs. ....

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