Martin Lewis issues warning about exact amount YOUR energy bill will rise by in weeks
have been sky-rocketing since last year, but some energy firms have been offering their own customers the chance to fix their billsgive customers bill stability over the agreed period and work to help reduce your chances of short-term bill hikes.
But it is likely you will pay more than the price cap unless your suppliers offers a competitive deal.He added: "You need to look at what the predictions are for the price caps and decide if it's worth fixing a price for a set period of time, given that things can fluctuate a great deal. "The fact is, until Ofgem announces the next price cap at the end of the month, we won't have a clear picture."
As the price cap is currently £1,971 and it's predicted to go up to £3,582 in October - that's a 81% rise.So if you do want to fix, then as long as your tariff isn't more than 95%, then it's worth considering. As always, you pay for the energy you use - the price cap is just cap on the amount they can charge - not on your bill.
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