GMB this morning from around 2hrs in – discussion with panel on energy bill
have risen by 10%, and the average household bill is up by more than £12 a month, or £149 a year."That's why last week I called the current cap a pants cap, as, stay on it, and you'll miss out on savings."MoneySavingExpert.comprices, and there's potential knock-on to energy prices, so we've already seen three of last week's cheapest fixes pulled and replaced with more expensive ones.
Since October 1, those on the standard variable tariff have had their rates capped by Ofgem at the following levels:For a typical household that uses an average of 11,500kWh of gas and 2,700kWh of electricity every year, these rates will cap bills at roughly £1,717 .But if you're offered a fix that's cheaper than October's price cap, it's always worth considering.EDF Energy has launches a brand new Ofgem price cap prediction tool on its website.
Remember to always compare prices before switching, as energy tariffs vary widely, and costs differ depending on where you live.Customers unwilling to commit to long-term fixed energy deals may want to consider flexible tariffs.'s Pledge variable tariff offers a fixed discount of around three per cent on the price cap rates for 12 months.
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