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.
Gas prices are set to fall for just over 200,000 customers in Northern Ireland from the start of next month, as both SSE Airtricity and Firmus Energy have announced price cuts, which will take £100+/year off a typical bill.
Millions of customers stuck on expensive standard tariffs should start to see lower energy bills as Ofgem's new price cap kicks in today, though most could save about £200/year more by switching supplier.
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.
Around 11 million households on standard energy tariffs are likely to see huge price rises this winter, with industry experts Cornwall Insight predicting an increase of more than £100/yr to regulator Ofgem's price cap. But many can beat the hikes and save £100s by switching now.
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.
24 March 2022
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