British Gas Costs About to Rise

Posted under Blog by Ruth

Almost 500,000 homeowners are set to face a shock once their fixed price tariff from British Gas comes to an end this month, according to the energy comparison service uSwitch.com.

Customers who are signed onto the Price Protection Plan have been able to save around £472 each year on their energy bills, compared to other customers. The plan has been in place since 2005, and costs an average of £820 each year. The average energy bill in the UK is £374 higher.

Energy expert from uSwitch.com, Tom Lyon, said that the customers who were able to take advantage of this plan were very lucky. However, he also adds that getting a good fixed price plan is all down to timing, which is why their luck may be about to run out as the plan comes to an end.

To combat price rises, many customers are now choosing to cut down on the energy that they use in their homes. Measures that can help cut costs include heating rooms by one less degree, installing energy efficient measures such as double glazing, and using energy saving light bulbs.

Last month, it was claimed by comparison websites moneysupermarket.com and confused.com that the cheapest duel fuel tariff now available in the United Kingdom is the New Energy Fixed plan from Ovo, costing on average £855 each year.