Householders Told to Gamble and fix Energy Bills Before “it is too Late”

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Consumers are being urged to take a gamble by fixing the price of their gas and electricity amid signs energy prices are beginning to rise again.

Now could be a great time to opt for a fixed Internet tariff if customers want stability in their energy bills. Fixed rates are at their lowest level for 2 years.

Consumers are being urged to take a gamble by fixing their gas and electricity prices as there are signs energy prices are beginning to rise again.

The independent price comparison website energyhelpline.com advised householders to look at fixed Internet tariffs to avoid higher bills.

Mark Todd, director of energyhelpline.com, said: “The market seems to be bottoming out and there is a chance that next winter may see prices start to rise again.

“Now could be a great time to opt for a fixed Internet tariff if customers want stability in their energy bills. Fixed rates are at their lowest level for 2 years. They are still very, very good value compared to standard ones. However, there are signs this may change soon so for some it will be question of taking the gamble now before it is too late.

“Rising bills are the last thing householders want after the bitterly cold winter so they need to weigh up all the available options.”

The advice came after Ovo Energy increased the cost of its New Energy Fixed online tariff by eight per cent or £72 a year. The tariff had been the cheapest on the market at £855 a year.

Ovo blamed wholesale gas prices - the prices companies buy gas at - which have been rising for the past two weeks.

npower has also warned customers it was putting up prices by up to 24 per cent. This means a family paying £1,000 a year would soon pay £1,240. Anyone on the company’s Sign Online tariffs 8-14 will see prices rise from 7 May as they will be moved to the company's standard direct debit prices, rather than the current discounted rate.

Energyhelpline.com says the new cheapest deal, based on typical consumption, is npower's Sign Online 18 at a typical £876 a year, this is then followed by E.ON’s Fix Online v8 £883 which gives a fixed price until July 2011.

Todd continued, “In today’s uncertain world, for just a £7 premium a month it has to be good business to opt for the price fix. With typical bills so high, many customers are paying well over £1,000 for their energy bills. It is not uncommon for a customer to make switching savings of over £400 at the moment. During 2010 the average switch saving of an energyhelpline.com customer has been £282.”

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Mark Todd
Energy Helpline
+44 (0)207 960 4451
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