Seven things to check before switching energy supplier as millions of bills rise View 2 Images
From Wednesday, millions of household energy bills will see a two per cent increase under the new Autumn price cap . The standard tariff for households with average usage will rise from £1,720 to £1,755 from 1 October - an annual increase of £35.
This hike will result in an approximate monthly increase of £2.93 for the average household, meaning a home on a default tariff will pay £102 for what currently costs £100 per month.
Recent statistics reveal that over a third of customers (37%) are now on fixed tariffs, thus shielding them from the impending rise. Consumer group Which? is urging individuals to "shop around" for a fixed energy deal prior to the new price cap's implementation.
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