Teachers! We know you’re a clever bunch, unlikely to be caught out by an April Fool in 2019. That’s why we’re here to remind you of the energy price rise coming April 1st. Over half of all households in Britain will see an increase in their energy bills. Higher bill prices can be avoided, however.
Ofgem assess the cost of gas and electricity twice yearly to ensure that consumers are getting a fair deal, and that suppliers can cover their wholesale costs. This April 1st they are raising the minimum that suppliers can charge.
How much will energy bills increase?
Consumers on a default standard variable tariff will typically pay an extra £117 per year. Those consumers on a pre-payment plan will see the price cap increased by £106 per year.
Ofgem safeguard consumers and ensure a fair deal at this higher price cap. However, your energy provider might not be offering the best deal out there. As such, Ofgem assert that: ‘households could save more money by switching’.
We have created a Teacher’s Energy Switch to help you search the market and save money before this new, higher price cap comes into play.
How can I save money on my energy bills?
We’ve made searching the market, and switching suppliers, super easy. All you need to do is find an old energy bill that shows your projected or actual usage. Click on the deal, follow the instructions to enter your postcode and current supplier.
Once you have filled in the information about your current supplier, simply run the comparison search and choose the right deal for you. From there you can switch and start saving.
Once you have switched you don’t need to tell your existing supplier. Just take meter readings on the date you switch and keep a safe record of them. You can find Teacher’s Energy Switch here.
* Our switching partner energyhelpline.com compares all publicly available energy tariffs under the OFGEM Confidence Code. 10% of customers switching their gas and electricity bills with energyhelpline (and their partners) between 1st Jan 2017 and 1st Nov 2018 saved £458 or more.
Don’t forget membership is free, and you can sign up at the banner below.