Published On: Fri, Oct 16th, 2020

Energy bills to rise for thousands of homes – how to lower costs by switching tariffs | Personal Finance | Finance


On this, recent research from comparethemarket.com detailed more than 800,000 households could be automatically switched onto more expensive ‘default’ energy tariffs in the last three months of 2020 if they do not switch tariff or provider when their deal comes to an end.

Additionally, from October through to December, there will be 469 fixed energy tariffs coming to an end.

Comparethemarket.com found that rolling off fixed term deals onto default tariffs could collectively cost UK households over £100 million a year when compared to their current energy costs.

The company went on to analyse the fixed tariffs that will be ending during these months and they found the average increase to energy bills could be £122 per household.

READ MORE: Furlough: Many savers to face ‘financial disaster’ as scheme ends



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