Everything you need to know about energy bill rises

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Brits are being warned for the first time ever that they should not fix their energy contracts as the deals available are so much worse than the standard tariffs.

This is happening all over the globe, but the UK has been particularly affected because we consume much more gas than many of our European neighbours.That’s a huge figure. We also don’t have a huge back-up store of gas available, either.

The cap applies only to customers who are on a standard variable tariff , typically a provider’s default and most expensive option.You were on a fixed deal, but haven’t chosen to switch again.The cap is reviewed twice a year, in February and August, with the changes coming into effect in April and October.

That means that if you burn a higher number of units than the average, your annual energy bills will be greater than this figure. That might sound obvious, but many people don’t provide meter readings, relying instead on their providers to send them estimated bills. Households are charged a set rate for each kilowatt-hour of electricity or gas they use, and it is this consumption that makes up the bulk of your bill.to determine how much energy you’re using at home, particularly through appliances, and how much it’s costing you.However that is easier said than done as the cold nights set in – and you may be better off switching providers in order to keep the costs down., a key question on everybody’s lips is how to keep energy prices down.

 

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