Current predictions state that energy bills will rise significantly in just a few months
Energy customers from some of Britain's largest suppliers are being warned to cut their costs now. It comes as some industry experts predict the energy price cap to rise from £1,568 to £1,762 in October.
Should I fix my energy bill or not? If you're not already on a fixed deal then you're likely on a variable rate that follows the energy price cap. The price cap itself is not a total limit on how much you pay - instead it caps standing charges as well as gas and electricity rates. Les Roberts, a business energy comparison expert at Bionic, said: “When it comes to making the switch to a fixed energy tariff, the most important thing to understand is that price-capped tariffs are variable, and the prices change every three months in line with the Cap.
“If you’re a business owner, remember that there’s no price cap on non-domestic energy contracts. If your current contract is coming up for renewal then it’s worth comparing quotes and fixing your rates to give yourself bill stability and protect against future price rises.” “Your provider must also give you access to any available hardship funds, charitable grants or help you apply for any available government grants if they have not been automatically applied. One such example is the Cold Weather Payment which is available once the temperature drops below a certain level and you are state pension age or claiming Universal Credit/ Jobseekers Allowance.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British Gas, OVO, Octopus, EDF customers told when to use washing machinesA laundry expert has alerted households to little-known washing machine tips that could help reduce energy bills
Read more »
British Gas, Octopus, Eon, EDF and OVO customers get £400 messageLabour has pledged to cut energy bills by as much as £400 through its plan to establish a new company called Great British Energy
Read more »
Martin Lewis urges British Gas and Octopus customers to 'act now'Martin says energy customers should submit readings within the next 12 hours
Read more »
British GP: George Russell heads all-British top three at a very wet SilverstoneA rain-impacted FP3 session at Silverstone produced an British top three.
Read more »
British Gas customers told not to use dishwasher or oven on SundayCustomers are being urged not to use their dishwasher or oven this Sunday
Read more »
I was astounded when British Gas billed me £6,700 after installing a smart meterHow to cut energy costs and get help with FOUR key household bills
Read more »