The prices providers pay for energy – known as wholesale prices – have fallen to historic lows with gas prices dropping by 20% over the last year, and electricity prices down 15% over the same period.
Comparison site uSwitch has this month launched a collective energy switch to encourage households to save by switching gas and electricity tariffs, but how does it stack up?
Wholesale prices – what energy providers pay for gas and electricity – continue to fall and 'remain very low', which some experts say could result in price cuts for households.
From today onwards, energy suppliers with 50,000 or more customers will need to include QR codes on bills to help consumers monitor their use and switch more easily.
Energy firms may have promised to freeze prices after the Government cut green levies – but the cost of fuel will still rise in the long term, energy experts are warning.
The cost of sending a text, making and receiving calls and using data is capped in the EU, but many holidaymakers aren't sure which countries are in the European Union, which could leave them facing hefty mobile phone bills.
Households should brace themselves for energy price hikes, not just over the coming year, but over the next five years too, with one energy expert predicting bills could double.