EXPERT COMMENT: OFGEM RAISES PRICE CAP TO PRE-PANDEMIC LEVELS

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From tomorrow energy prices are set to rise for millions of households as Ofgem raises the price cap to pre-pandemic levels. Max Green, energy expert at Confused.com says:

“Our research found that a third of UK adults spent 57% (£36) more than usual on their energy bills each month during lockdown last year. And even thought restrictions are starting to ease this time around, plenty of people will still be shielding or working from home for a while to come. This means extra screen time and more home cooking, which all adds up to a significant sum on our energy bills.

“Even if the price cap doesn’t affect you, the best way to save money is to shop around as it’s likely that we’ll see fixed tariff rates go down and new deals come to market. And if you don’t switch, you will automatically be put on a default tariff at the end of your current tariff, so it’s important to keep an eye out for a better offer.

“Between new regulations and the different types of tariff available, choosing the best deal can be confusing. Our guide takes you through all the types of energy tariff, so at least you can make a clear choice on which one works best for you.”

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