GAS & LECCY SHOCK
Millions of families set to be hit by £100 price rise in energy bills
MILLIONS of families are to be smacked with energy bill rises of almost £100.
It came after regulators cleared suppliers to pass on gas and electricity wholesale price increases.
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The move affects 11million families on standard tariffs from staying loyal to their suppliers.
Their bills will go up by £96 to £1,138 from April 1.
A further four million households with pre-payment meters could see their bills jump by £87 to £1,156.
Ofgem has agreed the rise in the price cap following a dramatic rebound in wholesale costs since the first lockdown.
It is on top of a £23 rise to cover losses from customers unable to pay bills after losing their jobs in he pandemic.
The latest move more than wipes out the gains households made in October when the price cap dropped by £84 to a record low since its introduction in January 2019.
Ofgem chief executive Jonathan Brearley said yesterday: “I expect suppliers to set their prices competitively and treat all customers fairly.”
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The lowest come in at just under £950 — a saving of £193 for the average user.
Analyst Simona Rutkauskaite said: “People hit by lockdown can ill afford a winter bump in their energy bills.”
How to save on your energy bills
SWITCHING energy providers can sound like a hassle - but fortunately it's pretty straight forward to change supplier - and save lots of cash.
Shop around - If you're on an SVT deal you are likely throwing away more than £300 a year. Use a comparion site such as MoneySuperMarket.com, uSwitch or EnergyHelpline.com to see what deals are available to you.
The cheapest deals are usually found online and are fixed deals - meaning you'll pay a fixed amount usually for 12 months.
Switch - When you've found one, all you have to do is contact the new supplier.
It helps to have the following information - which you can find on your bill - to hand to give the new supplier.
- Your postcode
- Name of your existing supplier
- Name of your existing deal and how much you pay
- An up-to-date meter reading
It will then notify your current supplier and begin the switch.
It should take no longer than three weeks to complete the switch and your supply won't be interrupted in that time.
Martin Lewis explains how to reclaims £100s from your energy firm
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