With the looming threat of rising energy prices this April, many billpayers may be looking for alternative providers in a bid to save money.
Fortunately, experts have issued advice showing that millions of households could switch their energy supplier just in time to save some cash on their annual bill. In April, the Energy Price Guarantee which caps the highest average a household could pay on their bills will rise to £3,000, however, this will likely be accompanied by decreasing wholesale prices based on current trends.
Experts at Cornwall Insight highlighted that this could give suppliers the opportunity to provide fixed tariffs that will compete with the government cap. However, it warns that this will be subject to the state of the wholesale market which can be incredibly volatile.
