Energy prices continue to rise in advance of the energy price cap | AdminBox

Energy prices continue to rise in advance of the energy price cap

Energy prices continue to rise in advance of the energy price cap

According to research published this week, UK households suffered their worst ever year for increasing prices of gas and electricity. There were 57 price rises in 2018, compared to only 15 rises in 2017. 

Certain companies increased their prices for gas and electricity three times in year. Companies are seeking to increase prices ahead of the £1,137 price cap to be introduced by Ofgem in January 2019. Ofgem's price cap will apply to default tariffs including the standard variable rate which customers are moved on to after falling out of a fixed tariff deals - or who are on them through never having had a fixed deal. 

If you have been stuck with the same provider for some time, chances are you could shave hundreds off your energy bills.

Millions of households are sat on their provider's most expensive, out-of-contract deals. But switching to a better deal can instantly save you money.

According to AdminBox's expert partner service, Energylinx, one in ten families could cut their annual dual fuel bill by £537 a year by simply signing up for a fixed rate tariff.

Click here to see if you can save on your energy bills

 

  • 28 Dec 2018
  • By: Paul Chapman