Ofgem's latest price cap means Brits could save some extra cash on their bills
Billpayers across the country will be paying less on average for their energy bills from today . Ofgem's new energy price cap will now come into effect, resulting in the average dual-fuel household paying £122 less.
Should I fix my bills or not? James Longley, managing director at Utility Bidder, said: "With Ofgem’s energy price cap set to fall today by 7%, there will be UK customers out there questioning whether now is the right time to switch to a fixed energy deal. More than 90% of UK homes pay the standard tariff and the full price cap.
"Of the major energy companies offering fixed rate deals at this current time, all offer fixed deals to existing customers, with a large majority offering incentives to new customers as well. It would be recommended that you look into and compare comparison sites to find the best deals for fixing your energy, and this should be only considered if you are locking in the cheapest rate."
Use less big appliances throughout the night Mr Longley continued: “Whatever your next cause of action, electricity and gas users should try, where possible, to limit their usage during peak hours of the day. Using any utilities throughout the night will prove cheaper, and you can set timers for appliances such as dishwashers.
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