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Prices keep going up

Keep an eye on energy prices

Around 1.2 million EDF Energy customers will see their electricity bills increase from October 1. We explain why you need to act now to avoid getting stung by expensive bills...

EDF Energy electricity customers in 11 out of 14 energy regions across the UK will see prices rise next month, although the energy provider insists the 2.6% increase will add less than £1 a month onto bills we still think this as significant.

But this isn't the only bad news. Several providers including British Gas and OVO Energy have raised the cost of some of their most competitive energy tariffs for new customers in recent weeks, and further increases could be on the cards, so now truly is the time to secure yourself a good deal by comparing and switching your energy deal. British Gas, for example, last month increased the cost of its Websaver Online deal by 9% - or £81 a year - with new customers now paying an average of £979 a year. Similarly, new customers signing up to OVO Energy's New Energy tariff now pay an average of £944 a year, up from £926, so keep your eye on the good deals and compare energy deal. These costs are based on an average gas and electricity user using 3,300 kWh of electricity and 20,500 kWh of gas a year.

We first recommended that people lock into fixed energy tariffs back in July to protect themselves from rising prices, but it's not too late to take action...

Why you should fix now

With the cost of the best energy deals steadily increasing, and relatively few fixed deals still available, you should fix as soon as possible if you don't want to be hit with rising bills this winter, so go to www.switchomatic.co.uk to find the best energy deal.

Scott Byrom, energy manager at moneysupermarket.com, said: "Energy prices seem to be inching up, especially the best online deals. With the cost of wholesale energy continuing to rise, and energy companies getting rid of the cheapest deals from the market, people should be on their guard and 'fix now' if they want to secure the best deals for their gas and electricity.

Created: 5th Jan 2011, Last Modified: 16th Feb 2016, Switchomatic

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