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Energy customers on fixed rates are being warned to act fast to avoid a shock when their price deal ends.
Thousands of people signed up to fixed gas and electricity prices a year or more ago to protect themselves from rising energy prices.
But three tariffs from the “big six” energy providers come to an end next month and customers could be hit by a big hike in costs when they do.
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Comparison site Moneysupermarket.com says the ScottishPower fixed dual fuel deal costs an average user £1,180 a year, £110 less than its standard tariff. EDF and British Gas customers will see their bills hiked by about £59 and £29 a year respectively on standard tariffs.
Swapping tariffs can take several weeks so now is the time to act.
Scott Byrom, utilities manager at Moneysupermarket.com, said: “Timing is crucial when looking for a new energy product.
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