Utilities

We've been warning about big energy price hikes for months, but the harsh reality hits home today (Friday 1 April), as about 22 million households will see a massive jump of an average £700/year on their energy bills, as the new price cap kicks in – with most suppliers pricing their standard tariffs on or near the max allowed. Unfortunately, due to the dire state of the energy market, most still can't save by switching. Here's what you need to know.

Octopus Energy will take on all 300,000 customers supplied by Co-op Energy, GB Energy and Flow Energy after a buyout was agreed – if you're with one of these firms, here's what you need to know.

Customers of gas and electricity provider OneSelect, which stopped trading earlier this week, are being transferred to Together Energy.

British Gas has launched the cheapest big six deal in almost three and a half years, as energy prices continue to fall throughout the market. 

About 1.7 million Bulb customers will see gas and electricity bills rise by up to £91/yr on average in April as the energy supplier has announced it's raising the price of standard credit and prepayment tariffs. But most can beat the hikes and save £150/yr by switching to a cheaper deal. 

The owner of big six energy supplier SSE has agreed to pay £1.2 million to regulator Ofgem, after the firm missed its 2019 targets for installing smart meters.

Gas prices are set to fall for just over 200,000 customers in Northern Ireland from the start of next month, as both SSE Airtricity and Firmus Energy have announced price cuts, which will take £100+/year off a typical bill.

SSE has been appointed by energy regulator Ofgem to take on Brilliant Energy's 17,000 domestic customers.

Around 11 million households on standard energy tariffs are likely to see huge price rises this winter, with industry experts Cornwall Insight predicting an increase of more than £100/yr to regulator Ofgem's price cap. But many can beat the hikes and save £100s by switching now.

Former customers of failed supplier Green Network Energy (GNE) will be moved onto EDF’s pricey standard variable tariff (SVT) from October, with the cheap tariffs they were initially switched to set to end. If you were on one of these deals, switch now or you could end up overpaying.