Consumers are being hit by a double whammy at the moment as energy prices are increasing just as the weather has become colder.
The average cost of energy bills has risen by £81 per year, according to moneysupermarket.com, as energy prices have crept upwards since the Spring.
The average fixed tariff has increased by 20 percent since May and many of the better deals have been withdrawn from the market.
Online tariffs, which are often the best energy deals have also risen by an average of six percent since Spring, however standard tariffs, which are often the most expensive, have only seen a one percent rise during that time.
Moneysupermarket is advising customers to secure a fixed tariff before more deals are withdrawn from the market and points to npower’s Sign Online 19 tariff as the best value at £889.73 followed by E.ON’s Save Online v3 tariff. It is actually straightforward to switch energy supplier as our article points out.
The problem for consumers is that their energy costs are rising just as the weather takes a turn for the worst. The fall in temperature over the weekend has encouraged many householders to turn on their central heating systems to keep warm.
“With wholesale energy prices hitting a year-high in July, I fully expect more leading deals to be withdrawn for new customers, and replacement tariffs to continue the upward trend we’re seeing to the cost of energy.
“Taking these factors into account, it is safe to say that the only way is up for energy bills in the next few months; bad news for bill payers as we approach the colder winter months when on average 40 per cent of people’s annual energy consumption is used between December and February.”, advises Scott Byrom, energy manager at moneysupermarket.com.