Energy intermediary Uswitch has warned that wholesale energy costs could drive up retail costs by 3% when the new price cap comes into force in April.
It therefore recommends securing a good deal now so customers can avoid paying more than they need to on their energy bills. Uswitch.com energy expert Will Owen said it was a good time to take action:
“When wholesale energy prices rise, the cost of deals on the market usually increases at the same rate. So it’s unusual for such well-priced deals to be available and we believe that households may have a relatively short window of opportunity to grab one before they disappear.”
Various energy suppliers are currently offering discounted rates, but it’s always best to use online comparison sites to make sure the best deal is achieved. For example, EDF offers a tracker tariff whereby the standing charges for dual-fuel customers are discounted by £100 each year compared to the rates set by energy regulator Ofgem. Customers can also find fixed-price tariffs that will insulate you from further price rises.
Nevertheless, the general consensus is that energy prices will remain relatively high for the foreseeable future. This means the only way to make serious savings on your energy bills is to make your home more energy efficient. Insulation plays a big role in this, but devices like thermostatic radiator valves can also help heat your home in a smarter way. Xgas can also provide a modern, efficient boiler installation in Wrexham and nearby locations like Chester. Get in touch now to learn more.
