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.