Published on: 17 Aug 2021 15:56
Written by: Maryhill Housing
Ofgem have announced that energy prices will rise for millions of people across the UK from 1st October 2021, right at the start of the cold weather. With inflation rising, furlough ending and a planned reduction in the Universal Credit uplift, it could not come at a worse time for many customers.
Ofgem have advised the following:
The typical gas and electricity customer is likely to see their bill go up by £139 to £1,277 a year.
Pre-payment customers will see an increase of £153, from £1,156 to £1309 a year.
What can you do?
Energy users on standard or variable tariffs could move to a different cheaper deal with their existing supplier or switch to another one to potentially save hundreds of pounds. Moving to a fixed rate deal ensures that the price you pay for a unit of energy does not change for the duration of the fixed rate. This means that if your energy consumption does not increase your payments will not increase.
Switching online is straightforward: just use an energy comparison site. All you'll need is your postcode, the name of your current supplier, details of your annual energy consumption and the name of your current tariff. Please note that not all suppliers participate in the Warm Home Discount scheme - you should bear this in mind if you are currently eligible for this but considering switching supplier.
The following are Ofgem-approved price comparison sites:
Maryhill Housing have dedicated Energy Advisers who can provide customers with advice and support to help lower their energy spend. If you need their assistance, please call 0141 946 2466 or email [email protected]