Electricity wholesale prices are on the increase. We anticipate these increases will reach the consumer in March 2017. Although the energy suppliers have not yet implemented these increases, it is estimated they will be between 7% and 10% on your electricity prices.
This is particularly bad news for those who heat their homes with electricity. If this is you, then make sure you get yourself onto a fixed price electricity tariff before the increase.
It’s not all doom and gloom though. There is no sign of any gas price increases. If you are a gas consumer, you can beat these increases by switching to a cheaper online fixed price energy deal.
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Updated 16th October 2017 at 12:15
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Although you may be tempted to switch to the cheapest, please be careful.
I would most likely skip through the cheapest in most cases and, switch to one of the following suppliers cheapest online tariffs.
If you are going to switch to a cheaper online energy deal, then use one of the Ofgem Accredited sites. They are governed by a strict set of rules which put the consumers needs first!
This is a full list of the Accredited sites
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