Richard Neudegg, head of regulation at Uswitch.com, said:
“It’s no surprise to see the Government confirming Ofgem’s recommendation from August to keep the price cap in place for another year, given there is a lot of work still to be done reforming and modernising the way the energy market works.
“The extension of the energy price cap will be reassuring news for millions of people who are facing financial uncertainty this winter. Unfortunately, more than half of customers are still on standard variable or default tariffs.
“While the price cap might offer some comfort, it’s important for people to know that there are better deals out there.
"The only way to escape high bills and ensure you're not paying more for your energy than you should is by switching to a cheaper deal.
“Currently, there is a £186 difference between the price cap and the cheapest fixed deal on Uswitch.com[1], which could be a significant saving for anyone who is out of contract with their supplier.
“I encourage anyone concerned about their bills to take the time to compare energy deals and see if you could be getting a cheaper tariff. By switching now there is time to make substantial savings to energy bills before the cold weather takes hold.”
FOR MORE INFORMATION
Ross Stebbing
Phone: 07827 836 709
Email: ross.stebbing@rvu.co.uk
Twitter: @UswitchPR
Notes to editors:
1. Simple and SuperPrime tariff from Avro Energy fixed for 12 months is £855.32 on Uswitch.com. Prices correct as of 19/10/20.
About Uswitch - saving you money for 20 years
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Uswitch is part of RVU, a UK business that also owns Money.co.uk, Bankrate and Save on Energy.
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