None
EN
Households urged to take action ahead of October 1 energy price rise
['Wed October At Am Bst', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Consumers have been warned their bills could rise (Yui Mok/PA) (PA Archive)More than seven million households still on a standard energy tariff have been urged to send in meter readings to avoid paying higher prices from October 1.
The energy price cap will rise by 2% from Wednesday for a typical household in England, Scotland and Wales, just as cooler temperatures see many switching on their central heating.
Energy editor Emily Seymour said: “As we head into the colder weather, many households will be concerned that the energy price cap is going up by 2% this week.
“There are several deals on the market for lower than the price cap, so now is a good time to shop around if you’re looking to fix.
As a rule of thumb, we’d recommend looking for deals cheaper than the current price cap, not longer than 12 months and without significant exit fees.