British households are facing increasing energy costs this winter after the regulator raised its price cap in October. Ofgem’s price cap is rising by £149 from the current £1,568 a year for a typical household in England, Scotland and Wales to £1,717. Now, information has been shared by PA news agency on why the price cap is increasing and what people can do to mitigate the cost of their energy bills.
How can I lower my energy bills? Jonathan Brearley, Ofgem’s chief executive, said he was encouraging people to “shop around” to see if they can get a better deal on their energy tariff. “For the first time in a long time, we are seeing some good value deals emerge,” he said. “I’d encourage people to shop around and consider fixing if there is a tariff that’s right for you – there are options available that could save you money, while also offering the security of a rate that won’t change for a fixed period.
” Martin Lewis, the founder of MoneySavingExpert.com, said people “can and should save by switching” their energy supplier, and consider a fixed-price energy tariff. “The cheapest year-long fixes on the market right now are about 7% less than the new October price cap, but they might not be around long,” he cautioned.
Mr Lewis suggested that people look for the cheapest option for their use and location, and they can use comparison sites to find and compare deals. A few praising me, a few slating me for this case. Can I just make it clear (as.
