Hey folks, exciting news on the energy front! 🏠💡 Get ready as energy bills are set to drop by nearly 7% across the UK come April. Thanks to Ofgem’s announcement, from 1st April, the average dual-fuel household could see their annual bill reduced by £150, bringing it down to £1,641. For prepaid folks, it’s a similar story, with prices dropping by 6.7% to £1,597 a year. Those paying upon receipt will see a 6.4% fall to £1,772 annually.
But hold on, there’s potentially more to save! Money-saving guru Martin Lewis suggests now could be the perfect moment to shift from a price-capped tariff to a fixed-rate deal. Why? Well, most fixed deals are expected to drop between 7% and 9% soon. Some of the best fixes out there are already 14% cheaper than the current price cap and are set to stay more affordable.
Looking for something more tailored? There are options like the EDF price cap tracker, which offers £100 off standing charges annually, alongside a £70 cashback offer. Plus, for the savvy spenders, exploring EV tariffs and time-of-use tariffs might lead to even more savings.
It’s worth noting that around two-thirds of UK homes are currently on a price-capped tariff. If you’re not locked into a special deal, that’s likely where you stand too. So, why not take a look at your options?
Feel free to share how you plan to save and spread the word to help others find the best deal! 💬✨