Money deals: Household bills

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15 November 2012: Price rises begin to bite for consumers across the UK



Households across the country who have been bracing themselves for the arrival of the cold, dark winter nights will also need to brace themselves for the impact of energy supplier price rises. Five of the Big Six suppliers, British Gas, EDF, npower, SSE and ScottishPower, have announced rises recently, a number of which are due to come into effect imminently. The last of the Big Six yet to announce, E.on, is expected to do so in the coming weeks.

The previously announced rises, which in some cases are as high as 11%, will be a hammer-blow to consumers across the UK who are still battling the effects of the weak economy and recent recession. Many experts are speculating that UK energy bills will hit record levels this winter at the same time as many families are struggling against fuel poverty.

Mark Todd, director of price comparison site said, “The economy is being squeezed harder than ever, and these price rises are just adding to the woe. Not only are energy prices rising, but consumers have just been hit with the news that food prices are on the up, with transport costs also set to rise in the new year. UK energy bills are heading for record levels this winter, and at we fear that this will also send fuel poverty levels soaring. What this means is households having to make the terrible choice between eating and staying warm, affecting the most vulnerable in society most harshly.”

Consumers are being advised to compare their energy suppliers and tariffs regularly to ensure they are on the best current deal. With the cheapest deals disappearing from the market as rises come into effect and suppliers reach demand it is important to act as quickly as possible to save on your energy costs. For those who haven’t switched before there are still significant savings to be had, and those who have switched can still pick up a fixed tariff that can ensure they are insulated against further price rises.

Click here to compare energy  to compare suppliers and beat the price rises


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