Summary
Energy prices in the UK are set to rise again in October. The article provides tips for managing energy costs, such as switching to fixed rates, paying by direct debit, checking for financial support, and reviewing energy usage.
Key Facts
- Energy prices in the UK are increasing by about £35 a year for a typical household due to a rise in the price cap.
- Ofgem suggests consumers consider switching to fixed rate plans, which could be cheaper than variable rates.
- Switching to a fixed deal might save an average household £250 over the next year.
- Direct debit payments could offer cost savings and are often required for fixed rate deals.
- Customers on prepayment schemes pay 3% less than the capped variable rate.
- Financial support is available for low-income households, including discounts on bills and grants.
- It's important to review energy usage, especially with colder weather approaching, to manage bills effectively.
