Energy warning issued as 26million households risk bills rising by £109 if they don't 'act now'

Energy warning issued as 26million households risk bills rising by £109 if they don't 'act now'
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Energy warning issued as 26million households risk bills rising by £109 if they don't 'act now'
Author: mirrornews@mirror.co.uk (Ruby Flanagan)
Published: Feb, 10 2025 12:29

Summary at a Glance

Tariffs that follow the price cap are called standard variable rate (SVR) tariffs or variable tariffs, and you are normally on one if you have not signed up for a fixed deal or didn't switch to a new tariff when your previous fix expired.

Uswitch.com is encouraging households to act quickly to lock in a deal at or below the current price cap to protect them against the anticipated increases in the price cap over the coming months.

The Ofgem price cap is currently set at £1,738 a year for someone with typical energy use who pays by direct debit, however, latest predictions from EDF could see it go up by up to 6% in the spring - before rising again in July.

The price comparison site Uswitch says households need to get get off "price-capped" tariffs before Ofgem's price cap rises again in April.

A rise to Ofgem's price cap in April would mark the third consecutive energy bill increase, after it rose to £1,717 a year in October 2024, then to £1,738 in January 2025.

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