Households have been urged to make one change ahead of an energy price cap rise
UK households have been urged to make an urgent change to avoid a looming £109 hike to ahead of the price cap change.
According to comparison site , customers who remain on price-capped tariffs may be forced to pay the additional costs.
The site warned that around 26 million households on default tariffs would be affected by an average surge of 6%.
On April 1, the energy price cap is expected to increase more than expected, with E.ON predicting a £109 increase to £1,847 for a typical duel-fuel household. This reflects a 6.3% hike from the current annual average of £1,738
That’s why Uswitch.com says it is vital to secure a fixed-rate deal at or below the current cap to shield yourself from the April price cap rise.
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Elise Melville, energy expert at Uswitch, said: “If you haven’t switched energy lately, you are likely to be already paying over the odds, and the coming price hikes will only make things worse.
“Now is the time to take action, before the price rises hit. Any deal that is priced at, or below, the current cap level is likely to save you money over the coming year.”
As well as fixed tarrifs, households can also find deals offering a discount on the price cap.
Ms Melville added: “If youʼre not ready to fix, then consider a tariff that guarantees a discount on the price cap, whether it rises or falls.
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“EDF’s market-leading tracker promises a saving of £100 against the price cap over 12 months. The discount is applied to dual fuel standing charges, so this deal is particularly suited to households that use less energy.
“Standard tariffs are now the most expensive way to pay for your energy. The good news is, a better deal is out there for most homes. Right now there’s a lot of choice available and it takes just minutes to compare your options and switch to a better deal.”
According to energy regulator Ofgem, around 26 million households are on a Standard Variable Rate (SVR) tariff, which sees electricity and gas rates change in line with the price cap.