Richard Neudegg, director of regulation at Uswitch.com, comments: “A 1.2% increase in the price cap in January is further adding to households’ winter woes, with bills rising as usage soars in the coldest months.
“This increase comes on top of the 10% hike seen in October, adding insult to injury for the many households already struggling.
“The good news is that households can beat both the January price hike and October’s previous rise, and save money by switching to a fixed energy tariff. If you are on your supplier’s default tariff today, you can not only avoid this rise, but also start making savings as soon as you switch.
“Right now, the cheapest 12-month fix is meaningfully lower than the January price cap and would save a household with typical usage up to £132 per year against these upcoming rates[1].
“Customers should run a comparison to see what savings they can make. There are lots of fixed deals on the market right now, the majority of which beat the current price cap[2].”
–ENDS–
Notes to editors
1. Outfox the Market, Fix'd Dual Nov24 v2.0, £1,606 per year for an average household with typical usage.
2. Based on data provided by suppliers to Uswitch. Excludes bundles and tracker tariffs. Correct as of 6am on 22 November 2024.
For more information
Beverley Noble | Energy PR Manager
beverley.noble@rvu.co.uk
Twitter: @UswitchPR
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including energy, broadband and mobiles.
More people go to Uswitch to find their energy, broadband and mobile deals than any other site, and we have saved consumers over £2.7 billion off their bills since we launched in September 2000.
Free mobile app Utrack also helps households manage their home energy usage and make potential savings.
Uswitch is part of RVU, a group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.