Uswitch responds to October’s energy price cap - “Fixing your energy tariff to cheaper rates should be a no-brainer.”

Uswitch responds to October’s energy price cap - “Fixing your energy tariff to cheaper rates should be a no-brainer.” 

Richard Neudegg, director of regulation at Uswitch.com, comments: “Today’s increase confirms that households cannot rely on the regulator to cut energy rates in time for some of the coldest months in the year. 

“This is a wake-up call for households on price cap-linked tariffs to lock in cheaper fixed rates to cover the critical winter period. Savings equivalent to £292 a year are already available compared with this incoming price cap.

“We all typically use a lot more energy over winter compared to summer. The cost of doing nothing now means an extra £76 more per month on average for energy bills from October to December, on top of rates already higher than the majority of fixed tariffs. 

“This has been a particularly strong few weeks for good fixed-rate deals, with around 27 fixed deals available which beat the October cap. Over a third of households have now moved off the price cap to fixed tariffs.

“Households should run a comparison and review the options available for their usage levels and region. Fixing your energy tariff to cheaper rates should be a no-brainer for all households who are able to.”  

ENDS