Soaring energy bills are the bane of everyone's household budget at the moment - with more looming over the horizon towards the end of the year.
The energy price cap rose by a massive 54% on April 1, increasing a typical bill by 54% to £1,971 a year. And there'd no end in sight, with energy regulator Ofgem warning the cap could surge to £2,880 at the next price cap review in August, which will take effect in October, piling even more pressure on family finances.
Up to now, advice has been to stick with the standard variable tariff. Although you'll pay the maximum amount permitted under the energy price cap, you're unlikely to find a cheaper deal by moving. But while the standard variable rate is still the cheapest way to buy your fuel at the moment, if you're looking for longer-term lower rates you might want to consider fixing your energy tariff now, before we get hit by the new cap in October.
