Energy bills: what to do as prices head for £2,000 a year, from switching deals to insulating
The price cap is to soar for about 20 million households in Great Britain from January, but there are ways to save Energy bills in Great Britain forecast to jump by £276 a year fro
By The Guardian
Household energy bills in Great Britain are forecast to rise by £276 a year from January, taking the typical annual dual-fuel bill to £1,999, according to Cornwall Insight. The rise would come on top of the 4% increase in Ofgem’s price cap due to take effect from Thursday, which would lift the typical bill to £1,723.
The Guardian report says about 20 million households in England, Scotland and Wales are on variable tariffs covered by the price cap. It also says switching to a well-priced fixed deal is the biggest lever available to households on the cap, according to Richard Neudegg, the director of regulation at Uswitch.
The article says there are still cheaper fixed deals available below the January forecast, with some pricing below October’s rates. It adds that simple energy-saving steps such as draught-proofing windows and doors, insulating a hot water tank and cavity wall insulation can also cut annual costs.
Ofgem is expected to confirm the January price change later in the year.