Energy prices: warning for customers on fixed-rate tariffs
24 June 2009
According to Confused.com, last year`s rises in energy prices saw the average energy bill go up by 42% - but many customers were able to `shield themselves from rising prices` by choosing a fixed-rate deal.
Today, customers who are coming towards the end of fixed-rate energy tariffs will need to consider their next move carefully.
"Domestic energy costs can take up a substantial portion of a household`s budget," said a debt expert for Think Money, "so it`s vital that billpayers make every effort to keep their bills as low as possible."
Gareth Kloet, head of utilities at Confused.com said: "Customers should shop around to find the most appropriate tariff currently available. This will depend on region and specific consumption and whether customers wish to find another fixed rate tariff or would prefer a discounted variable tariff, duel fuel, pay by direct debit etc."
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