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Fixed price energy deals are ending
21 May 2010 | Filed under: Cost management, Electricity, Gas, UncategorizedMany people may soon be considering how to save money on their energy bills as six major fixed-price tariffs are due to come to an end. Moneysupermarket.com has reported that six offers from the major suppliers are due to end around June this year.
Scott Byrom, utilities manager at the price comparison website, commented: “Languishing on fixed deals could spell bad news for Brits when they come to an end. ”In the worse case scenario, providers could automatically switch customers across to its standard tariff meaning a potential increase of as much as £196 a year if they haven’t taken action to find a better alternative already.”
The energy expert added that “timing is crucial” and encouraged bill payers to look to swap their tariff at least six weeks before the termination date of their current deal in order to avoid complications.
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