You are here: Home - Household Bills - News -

Cheap energy runs out of steam for thousands

0
Written by:
05/01/2007

Many UK utilities customers face steeply higher energy bills in the coming months as their special tariffs are expiring and they move back on to the full rate for their power.

Around 80,000 Npower customers will be paying £177 a year more for their gas, as their ‘Gas Guardian’ tariff expires this week, meaning the end of a cheap gas price for them.

This tariff was brought in at a fixed price in October 2005 and the expiry date had always been set for January 2007. But those who took advantage of the offer now face bills 39% higher than they have been paying for the past 15 months as they were protected from last year’s increases with cheaper gas price bills.

“The sudden jump in payments will only affect a small minority of our 6.8 million customers,” said a spokesperson.

In addition, British Gas will raise its ‘Click Energy’ discounted tariff for 29,000 online customers this Monday. They will be paying 12.4% more for their gas and 9.4% for their electricity – again forcing many to look for cheaper utility bills.

British Gas customers who have been on its ‘Click Energy’ tariff will now be charged, on average, £336 instead of £303 for electricity, while its gas customers will see the gas price increase and bills rise from £578 to £627.

 

 

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
House prices ‘up 9.9% in 2006’

Halifax, the UK’s biggest mortgage lender, has said that house prices rose by 9.9% over 2006, confirming the view that...

Close