With energy bills set to rise again in January, UK households are being advised to switch to fixed tariffs to avoid the increase. Experts suggest exploring offers available in the market as some are still lower than the January Energy Price Cap. Although around 80% of UK households remain on standard variable tariffs, fixing is likely to be a wise move as energy charges are not expected to decrease significantly over the next year.
UK households have been given a simple tip to help save on their energy bills as we approach the new year. However, they are being warned that they need to act before January.
But there is a strategy people could use to avoid the increase. That's by switching to a fixed tariff, either with their current supplier or another company. Fixing is likely to be a wise move as energy charges are not expected to decrease significantly over the next 12 months. Despite the potential savings with fixed tariffs, approximately 80% of UK households remain on standard variable tariffs where charges fluctuate with the price cap, reports Birmingham Live, reports Edinburgh Live.
Energy Energy Bills Fixed Tariffs Energy Price Cap Money Saving Tips UK Households
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.
UK households with fireplaces handed £145 off energy bills before JanuaryOne homeowner has used a cheap gadget to help reduce his gas and electricity bills by £150
Read more »
Energy bills to rise in January as Ofgem announces new price capThe change to the price cap will rise by £21 for an average household per year or around £1.75 a month.
Read more »
Household energy bills to rise again - as price cap increases to £1,738 from JanuaryHousehold energy bills are set to soar again as the price cap is hiked to £1,738 a year.
Read more »
UK energy bills to rise in January as Ofgem announces new price capEnergy regulator Ofgem has said a change to the energy price cap means bills for an average household will rise next year
Read more »
Money Matters: Is it worth fixing an energy deal before the January price cap rise?In this week’s Money Matters column, Wrekin’s debt and energy manager Dan Bebbington looks into how the energy price cap is changing, and whether it’s worth fixing a deal.
Read more »
EDF launches new 12-month energy fixed deal £130 less than January price capOfgem will increase the price cap from £1,717 to £1,738 on January 1, 2025.
Read more »