Why you should switch Energy Supplier now.
A minimum of 11 Million UK homes will see increases in their energy prices within the next few 
weeks. This consists of consumers who are on their energy suppliers Standard Variable Tariff and, most likely many of the people who have switched to a variable tariff.
Why the increase?
The Government has set a maximum price that energy suppliers can charge to customers that don’t switch their supplier. This maximum price is set for a period of 6 months at a time. After each period comes to an end, the prices are reviewed then increased as necessary.
Wholesale prices have increased, so this means retail prices will increase to come inline with the wholesale prices.
When will the increases take effect?
Energy prices are set to increase from 1st April. Although the energy price cap will usually be set for 6 months, the initial period was only set for 3 months just to get it started. The initial 3 month period ends on 31st March.
What does it mean to the consumer?
This affects consumers who don’t switch to fixed price energy deals. The Government has put the cap in place to protect consumers who don’t switch energy supplier to offer at least the minimum protection against random price increases.
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Reluctant to switch energy supplier
Unfortunately, it’s the consumers who are reluctant to switch supplier who are paying the most for their energy. These are the people that the Government have placed on the price cap. Although the price is set to a maximum you can pay, you may still be on the highest paying tariff.
Get a better price for your gas and electricity
Get quotes from a comparison site. Be very careful which tariff you choose. In many cases, the cheapest shown is usually a variable tariff. We suggest you get a fixed price tariff when prices are known to be on the increase.
Recommended
We are often asked “Why can’t you just tell us who the cheapest supplier is” The simple answer is – We can’t! There are too many variables. It depends where you live and how much energy you consume.
What we can do is, give you a choice of suppliers that we would switch to ourselves. You would still need to get quotes yourself from a comparison site. Before you do that, take a look at our recommendations on Todays Top Tariffs.