Homeowners energy bills are on the rise
Some customers could even see their energy bills jump by £371, a new report suggests
Nearly 700,000 households across the UK are set to face another ‘perfect storm’ on their bills by the end of this month.
We estimate that energy bills could rise by £192 million at the end of August as 112 fixed deals come to an end.
The analysis suggests that households could even see their bills rise by £275 on average, as they are moved automatically onto a Standard Variable Tariff.
Some customers could even see their bills rise by as much as £371.92.
“Customers with fixed deals ending this month need to act quickly if they don’t want to be hit by the second increase to the price cap this year.”
Here at Match Energy we know the last 18 months have been tough for many households as a result of the COVID-19 crisis. Rising inflation and the furlough scheme on top of the impact that the pandemic has had on people’s livelihoods means that family finances are tight now.
Therefore, we have teamed up Switchd which are a domestic energy comparison site preventing households up and down the country from paying too much for their energy bills. The increase, which comes into effect on 1 October, will affect around 15 million households on variable or default rates and prepayment meters – half the population – who are covered by the cap, causing you to be paying an increase of £275 on average, per household from October!