Key dates every major mobile and broadband provider will hike bills for millions including EE and O2 starting in weeks
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MILLIONS of mobile and broadband customers will see their bills rise within weeks and months. Many phone and internet providers hike their monthly prices each year to combat their own rising costs. Prices usually rise in March or April in line with inflation, however some will see theirs rise by a different metric this year.
Regulator Ofcom brought in new rules on January 17 meaning providers have to set out what any mid-contract price rises will be in pound and pence on any new deals. The change has been brought in so customers know exactly how much their bills will go up by when signing up for a deal.
Some firms brought in the new way of displaying mid-contract price rises before January 17 while others are yet to. Also bear in mind, if your firm set a date when any new contracts would rise in pounds and pence and you agreed a deal before this date, you will still likely see your contract rise in line with inflation.
The rules can be complicated and confusing, so we've listed off what the major firms are doing this year for mobiles and broadband. BT and EE Mobile customers will see their prices rise from March 31 this year. Those who signed up to a deal before April 11, 2024, will see theirs rise by December's CPI rate of inflation plus 3.9%.
The CPI rate of inflation then was 2.5% meaning bill payers will see costs rise by 6.4%. For someone paying £10 now, that means their bill will go up to £10.64 from March 31. However, anyone who signed up to a deal from April 11 onwards will see SIM only mobile plans rise by £1.50 or handset plans by £4.