Households could save up to £173 a year by switching to fixed energy deal

A new government price cap hike in October will push energy bills to their highest levels in three years, marking the second increase in just three months. Households already bracing for further rises in January may find relief by switching to fixed-rate deals, potentially saving up to £173 annually. The latest move follows growing concerns over soaring energy costs, leaving millions grappling with higher bills. Experts warn the financial strain could worsen before any potential easing next year.

Moving tariffs will cushion the blow from the October price cap rise and the increase widely predicted for JanuaryWith higher energy bills looming and warnings of worse to come in the new year, many households could save up to £173 a year by switching to a fixed deal.Millions of households in Great Britain will face the highest energy charges in three years after it was announced that the government’s price cap will rise again in October. This will be the second increase in three months. Continue reading...