Winter fuel bills start to hit households

Quarterly bills could reach £530 after price rises claims Telegraph.

Winter fuel bills typically account for 40% of annual consumer heating costs, and with many starting to arrive on doormats the Telegraph is reporting that quarterly bills could reach as high as £530.

The news follows recent price rises, as energy bills have now gone up between 6% and 11% for all major suppliers.

Energy bills are at a new all-time high of £1,352 a year: £251 or 23% higher than in January 2011.

The last of these price rises from E.ON will come into effect on 18 January 2013.

What can you do?

Smaller suppliers – There is around £300 difference between the cheapest and most expensive tariffs on the market, but what’s on offer?

Smaller suppliers including Co-Op Energy recently announced a 2% price cut, and might have a better deal for you.

Fixed plans? - Tempted to switch but worried about future price rises? Fixed price tariffs mean you may pay more initially, but you know what you’re paying for more than two years.

Insulate – Insulation is one of the most cost-effective ways to save on energy bills and increasingly affordable due to government subsidies.

 

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