250,000 households face energy bill hikes in next three months as they are switched to 'rip-off' tariffs
During April, May and June, 130 fixed-rate tariffs will come to an end, research finds
A quarter of a million households face paying an extra £200 on their energy bills in coming months as suppliers switch them to more expensive default tariffs, labelled a “rip-off” by politicians.
During April, May and June, 130 fixed-rate tariffs will come to an end, according to research by comparethemarket.com
Around 247,000 households on those deals face being moved on to an expensive standard variable tariff (SVT) or equivalent and could see their bills rise if they do not switch.
Read more Consumers face energy bill hike as E.ON changes price structure Those consumers face paying an additional £200 on their annual bills, on average, the price comparison site calculates. That would equate to a £50m so-called “inertia dividend” for gas and electricity providers.
The biggest hikes in the cost of energy will impact households with tariffs ending in April, where the average annual increase in..