Are you one of the THOUSANDS of customers whose energy bill is going up by £300 in September?
Almost 300,000 energy customers will be affected as 84 fixed energy deals are due to expire at the end of September
THOUSANDS of customers could see their energy bills rocket by £298 over the next year.
Research from comparethemarket.com estimated that almost 300,000 Brits will be affected as 84 fixed energy deals are due to expire by the end of the summer.
This means that unless customers switch now they will be automatically rolled on to a standard variable tariff (SVT), which are more expensive, just as the winter starts.
And customers living the South East are likely to be the worst hit.
The breakdown by region shows that people living in the area are facing the biggest bill increase, as households could stand to lose out on over £11 million at the end of the summer.
Londoners will also pay the price, as the UK capital could see a collective hike of £10 million to their energy bills over the same period.
Peter Earl, head of energy, , said tariffs are coming to an end when households are thinking more about their holidays than their bills.
“Energy companies could enjoy an inertia windfall of over £83 million this summer,” he said.
How to switch energy suppliers and save money now
MILLIONS of households across the UK have never switched and are stuck paying more than they should.
If in doubt, call your provider and ask them to move you to their cheapest tariff.
Better still, use a comparison website like or Energyhelpline.com to find the very best deal for you.
The cheapest tariffs are usually found online and are fixed deals – meaning you guarantee how much you’ll pay for a set amount of time, usually 12 months.
Switching to a cheaper supplier could cut your bill by up to £300 a year.
The amount you pay varies depending on where you live and how much energy you use
“For many families, an extra £290 on annual energy bills could mean the difference between going on a summer holiday or staying at home,” he added.
British Gas became the latest of the Big Six energy companies to announce it is hiking electricity bills for millions of customers.
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The rise follows a string of other price hikes from providers, which will hit customers just in time for winter. But the good news is that it can be avoided.
By switching to a competitively priced fixed tariff, households can expect to save £221 on average, according to comparethemarket.
Many fixed tariffs include exit penalties if you wish to leave before the end of the deal, but it’s possible to switch fee-free up to 45 days before the end-date.
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