Energy regulator Ofgem has called on suppliers to do more to help those who fall behind on payments, after finding customers owe an average of more than £600 before being put on a debt repayment plan.
Around a million households who receive the Warm Home Discount should save an average £120/year on their energy bills when the regulator extends its prepay price cap to some credit meter customers within the next few months.
The Prime Minister Theresa May has promised to publish a new draft bill setting out plans for an energy price cap which applies to standard variable tariffs.
A group of 192 MPs has called on the Prime Minster to deliver on a pre-election pledge to bring in an energy price cap to protect the 17 million households on expensive standard variable tariffs.
E.on has announced it is to scrap its standard variable tariff for many customers from next year, replacing it with a cheaper one-year fix with no exit fees – though you'll need to have a smart meter or already be on a fixed tariff to benefit.
If you're on British Gas's standard tariff, you'll see your rates jump today as it's hiking prices. On average, a typical dual-fuel household will see bills rise by 7.3% – or £76/year – so act now to switch and save.
15 September 2017
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