Recent research by University College London highlights that a no-deal Brexit could add an extra £61 a year to UK energy bills. According to the study, the Brexit vote already caused household energy bills to go up with £75 since the 2016 referendum. There are fears that a no-deal Brexit means that British suppliers will need to renegotiate the cost and supply of energy that comes from abroad. This could cause prices to fluctuate and rise even further at least in the short term.
These rises could lead to sudden price shocks for UK households, as wholesale cost are often passed onto the consumer.
We at energyhelpline urge you not to wait for the outcome of the Brexit negotiations – instead take action, and lock in a fixed rate tariff before the end of the year as prices are on the rise. Fixed tariffs guarantee no price rises enabling you to avoid more nasty surprises. Typically, customers can save £225 a year by switching – which means you can secure low price regardless of what happens with Brexit.