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Monday 4th August 2008
Following the recent hikes in energy prices, moneysavingexpert.com's Martin
Lewis has advised consumers to 'Cap now' to avoid any further rises in the near
future.
 The
self-proclaimed advocate of "consumer revenge" has said that the other suppliers
will all follow the lead of EDF Energy, who raised prices by around 20% at the
start of last week.
According to Mr. Lewis "the remaining five are likely to follow soon",
meaning all 6 major suppliers will increase their prices at the same time and by
roughly the same amount, as was seen in January 2008.
"With further energy hikes expected next year, everyone can save by choosing
a capped tariff." he said.
As prices rise more and more, larger numbers of households are taking control
of their energy in the same way businesses do - by agreeing long-term
fixed price energy
contracts that guarantee your rates can't change for the duration of the
term.
Domestic contracts of this sort can be arranged through
uSwitch.com,
our online partner for residential supplies. Visit
uSwitch
and tell it where you live and how big your bills are and it’ll tell you who the
cheapest option for you is.
British Gas have also already announced a hike of 35 per cent at the end of
last week, which will come into effect soon.
Any customers unsure of their current situation should check their contract
status with their energy supplier and shop around for the best deal if they are
free to switch. The best deals are available to customers willing to
sign-up online and pay by Direct Debit.
For savings on your Business
Energy see our
Business
Electricity and
Business Gas pages.
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