Energy Bill Warning As ‘big six’ Tariffs Rise By ‘average 16%’

Households are being warned the best energy deals are already behind them this winter, with fixed rate deals among the ‘big six’ firms surging by an average 16% since September.

The energy price comparison website uSwitch said five of the biggest firms, excluding British Gas, had raised the cost of their cheapest fixed tariffs – with E.ON’s one year rising 34%.

While British Gas had kept its price plans on hold, a report suggest they are still the most expensive among the ‘big six‘ with an average of £1,044 annually.

The increase in energy costs was put down to rising wholesale prices. This has been made worse by the pound’s collapse against the dollar since the vote to leave the EU as raw energy is mostly priced in the US currency.

The uSwitch report added that seven smaller suppliers had also raised their standard variable prices by an average of 9% since September – warning a further increase was likely unless wholesale prices where to fall.

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