Experts say households could cut their energy bills by £79 a year by making a simple change. Charges increased again at the start of January, piling more financial strain on families.
But there are still ways households can ‘avoid’ the January Energy Price Cap increase and save on their monthly bills. Industry experts are encouraging people to check out what fixed tariff options are available to them.
There are still tariffs available at a cheaper rate than the new January prices – up to £79. Fixing would usually come with risks if energy prices were to fall as customers are locked in for a certain period.
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However, charges are forecast to increase again during April and remain at a similar rate throughout this year. It means customers who choose to fix their bills shouldn’t lose out. Experts like Martin Lewis have encouraged households to look at fixing options as it should save them money.
It’s always important to check for any exit fees and the length of time you will be fixed into paying the charges. Ben Gallizzi, spokesperson for Uswitch.com, told the Sun: The average household still on a default tariff could save up to £79 per year against the January price cap by fixing for price certainty.
“Anyone who is worried about paying their energy bill should contact their supplier, which may be able to offer support.”