Now’s the time to switch as gas price hikes loom

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Energy customers are being urged to compare gas prices following a warning from energy regulator Ofgem that prices are like to rise by £80.

Now is an ideal time for energy customers to go online and compare the different gas deals available.

Energy customers are being urged to compare gas prices following a warning from energy regulator Ofgem that prices are like to rise by £80.

Gas prices are expected to jump by an average of £80 by next spring, so Energychoices.co.uk is encouraging consumers to go online, compare the market and consider switching to a better deal.

Ofgem is forecasting a 13% rise in wholesale gas prices by early 2011.

This means, suppliers will have to pay more for gas, and as a result these costs are likely to be passed onto the consumer in the form of price hikes.

According to Energychoices.co.uk, an average household on Npower’s Sign Online 19 currently pays around £600 a year for gas. If all the price increases are passed on to the consumer, this is likely to rise to £678 by the spring.

Chris Eagle, commercial manager at Energychoices.co.uk, says: “Now is an ideal time for energy customers to go online and compare the different energy deals available.

“Not only are significant price hikes just around the corner, but so is winter, so people need to prepare themselves for bigger bills.”

Suppliers have also been withdrawing certain deals over the last few months, in particular fixed rate tariffs, but there are still some around worth considering that can offer safety.

Eagle adds: “Moving onto a fixed rate energy deal while some competitive ones are still available would give customers some security against the anticipated price rises. But you will have to move fast as these are quickly disappearing.”

About Energychoices..co.uk

Energychoices.co.uk was launched in 2005 and allows users to compare energy prices.

Energychoices.co.uk is part of the Consumerchoices.co.uk group of websites. Consumerchoices.co.uk provides news, guides and expert advice to help customers save money on all their household bills.

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Andy Williams
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