Are you one of the seven million just days away from paying up to £64 more for your energy?
Over seven million homes are going to see energy prices rise by a total of £400 million a year as price rises kick in over the next fortnight.
Four of the Big Six energy suppliers have announced price rises – leaving householders with up to £64 extra on their annual bill.
And a further half a million homes will also face sharp price hikes as their fixed deals come to an end. If customers take no action to switch to another fixed-rate deal, they will automatically pay a standard variable tariff – the most expensive way to pay for home energy.
Many households will not have switching on their minds because energy use for heating has dropped off as the weather has warmed.
But the time to secure a more favourable deal is now, before further price rises.
British Gas prices will rise by 5.5% from today.
That means four million customers will be paying an extra £60 a year, if they do nothing.
Scottish Power customers will pay an extra 5.5% from Friday, which means a rise of £63 a year for half a million households.
Over half a million EDF customers pay an average of £16 extra from Tuesday, and on June 17, one million Npower users face the biggest rise of all – £64.
The simple fact is, it doesn’t have to be this way. The average energy user on a standard variable tariff can save around £300 a year, just by switching to a fixed-rate deal.
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