You could save hundreds on your energy tariff by switching now
Millions of customers on the energy price cap tariff would save £300 a year by switching to other competitive deals.
The capped tariff, brought in by the Government in January to protect customers from rip-off bills, limits the cost of gas and electricity to £1,254 a year.
But this actually costs £303 more than the cheapest fixed-rate dual fuel tariff currently on the market, which stands at £951 a year.
Also, loyal customers usually end up paying through the nose as firms ramp up costs once they've got you through the door - so switching is a good idea anyway.
The energy watchdog Ofgem is set to announce a change to the cap next week, which could bring the figure down by around £60 – though this is still more expensive than other deals on the market.
Up to 15.2million households on the capped tariff are collectively missing out on more than £440million of savings by not switching.
It said the figures show ‘the woefully ineffective nature’ of a policy designed to protect customers.
So get switching now and save money.
Also, the smart meter rollout has caused people financial misery, forcing them into a downward spiral of debt and stress.
The government announced plans for every home to have a smart meter, which is supposed to digitally log your energy usage and, ironically, save you money.
But the rollout has been plagued with errors, from faulty readings costing customers hundreds of pounds, to intermittent heating.
HAVE YOU BEEN RIPPED OFF BY THE SMART METER ROLLOUT? COMPLAIN AT A SPOKESMAN SAID.
It's the type of total catastrophe that only the government could deliver, and The Guardian has highlighted some particularly grave cases where people have been utterly ripped off.
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