Wealth expert Martin Lewis He has advised them about how to avoid spikes in energy bills because they expect to get up soon.
Homes are expected to learn Energy bill will increase In October, about 1 percent when ofGEM updated its price cap on Wednesday 26 August.
Experts from honored Cornwall Insight have predicted typical home energy The bill will increase from £ 17 to £ 1,737 per year when the new price cap is implemented.
Energy price cap is the maximum amount Energy suppliers can charge you For each unit of energy if you are on a standard variable tariff. Which includes most houses. It is expressed as an annual bill for an average house.
Mr. Lewis says that now there is a good time to take stock of his finance whether he can get a cheap deal. Write Social media, Wealth Expert said: “Now we know that CAP is now very definitely to stay at its current level, or slightly higher, by the end of 2025, it is easy to compare the cheapest fixed deals which are” “are” “
There are several fixed deals on the market that are 15 percent cheaper than the estimated new rate, working about 250 pounds cheaply in a year.
Most of these have been fixed for at least one year, which means that the rate is guaranteed for 12 months. Some providers will charge an initial exit fee to eliminate these deals, while others are not.
Mr. Lewis said: “It is not worth it to get a cheap fix right now, we will need to see a very immediate and monumental decline in wholesale rates – no one is predicting.
“In fact, our analysis shows that at every point of the last 18 meters you would be better than getting the cheapest fix than being on the cap.”
Cornwall said its forecast assumed that it has been accepted Togem The upcoming cap will be introduced in the period, including the expansion of the warm home discount scheme for weaker houses, which will add £ 150 in support of 2.7 million additional people, while adding £ 150 in a specific bill, while 2.7 million additional people.
However, it was also noted that bulk prices for electricity and gas were “unstable”, which reflect geo -political factors, including uncertainty on large -scale American trade policy.
Energy Safety Department and Net Zero spokes said: “The only way to bring down Energy bill The Good for Good is with the government’s clean energy superpower mission, which will remove the UK from the rollercaster of fossil fuel prices and clean, homegron power we control.
“We are taking immediate action to support families in this winter – apart from expanding £ 150 warm home discounts in 2.7 million more homes, we are strengthening customer security, including providing easy access to people quickly and automated compensation when their suppliers allowed them to go down.”
