2018 has seen non-stop price rises for energy bills – we’ve named it ‘the year of the price rise’– with the average energy bill going up by £85*. But it’s not all over yet. Warnings are out that energy prices are only feared to get worse over the next few months, with what is predicted to be yet another bitterly cold winter in 2018/19. More price hikes could be arriving as soon as February, when the Government’s Price Cap goes under re-evaluation.
The impact of these price rises has been felt everywhere, and the majority of the British population are actually paying £300* more than they may have to on average. This is not a small amount to begin with, and with the price rises added on top there is mounting pressure on households. Some households have even been forced to pay for their heightened energy bills will money which was saved for things like holidays, presents and leisure.
With uncertainty about what will happen to energy bills in the New Year, we recommend that households have protection against any potential price rises.
Luckily, you don’t have to accept these increases. You may instead choose to switch to a better energy deal, which could save you hundreds. Even better, switching to a fixed deal will keep your energy cost stable throughout the price rises until the end of your fixed period.
Compare fixed energy deals here.
All you have to do is choose a fixed term tariff you like the sound of. There are loads of top-quality suppliers available, and there is a large and varied selection of highly affordable tariffs to choose from – including offers from the most renowned and trusted names in the energy business.
So despite the scares of price rises we have seen this year – and are likely to see next year too – you can still face them with confidence knowing a fixed deal will keep you on track financially, or simply knowing that a cheaper deal is just round the corner.
Compare energy deals here.
* Average savings based on average usage dual fuel household paying by monthly D/D. Average usage defined by OFGEM is 12,000 kWh PA gas and 3100 kWh PA electricity. Includes publicly available tariffs available in at least 12 of the 14 regions of UK. Excludes exclusive, collective and staff tariffs not generally available. Source: energyhelpline.com.