News today reveals that energy prices are set to increase as energy regulator Ofgem raises the price cap. Energy Expert at Confused.com Jack Cox says:
“Raising the price cap means people on default tariffs will see their energy bills going up. And given that we spent more time at home than ever earlier this year, energy costs have been on the rise for many people anyway. Our research found that a third of UK adults spent 57% (£36) more than usual on their energy bills during the first lockdown.
“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 that are 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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