Utilities

We've been warning about big energy price hikes for months, but the harsh reality hits home today (Friday 1 April), as about 22 million households will see a massive jump of an average £700/year on their energy bills, as the new price cap kicks in – with most suppliers pricing their standard tariffs on or near the max allowed. Unfortunately, due to the dire state of the energy market, most still can't save by switching. Here's what you need to know.

Big six supplier E.on has become the first energy provider to reveal its prices under the new cap on standard tariffs, reducing bills by a typical £77/year from October – just £2/year under the new level. But don't be fooled, most could still save £100s/year by switching. 

Sainsbury's has today relaunched its energy offering, after partnering with big six firm Npower.

British Gas has launched the cheapest big six deal in almost three and a half years, as energy prices continue to fall throughout the market. 

Hundreds of thousands of Sainsbury's Energy customers have been moved to British Gas – if you've been transferred, check NOW if you can save £300+/year by switching to a new tariff. 

Octopus Energy will take on all 300,000 customers supplied by Co-op Energy, GB Energy and Flow Energy after a buyout was agreed – if you're with one of these firms, here's what you need to know.

Customers of the gas and electricity provider Extra Energy, which stopped trading last week, are being transferred to Scottish Power.

Shell Energy is set to refund and compensate around 9,000 customers after it was found to have overcharged on tariffs protected by energy regulator Ofgem's price cap.

Customers of gas and electricity provider OneSelect, which stopped trading earlier this week, are being transferred to Together Energy.

Former customers of failed supplier Green Network Energy (GNE) will be moved onto EDF’s pricey standard variable tariff (SVT) from October, with the cheap tariffs they were initially switched to set to end. If you were on one of these deals, switch now or you could end up overpaying.