Extended winter sees energy bills soar higher - Gas and electricity - News - Moneyfacts

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Extended winter sees energy bills soar higher

Extended winter sees energy bills soar higher

Category: Gas and electricity

Updated: 26/03/2013
First Published: 26/03/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

With the latest cold snap set to continue into the Easter Bank Holiday, homeowners have been told they could save almost £400 on their annual energy bills by switching providers.

Energy suppliers will cash in to the tune of an additional £924 million in cold weather revenue as a consequence of the latest big freeze, energyhelpline has revealed.

For the three months from January to March alone, the average gas bill is expected to rise by £44 to £557.

While gas customers were hit with a 9%, or £100, price rise in their annual bill following the latest round of price rises last autumn, the extended winter has seen thermostats kept higher for longer into the year than is usual, and added another 13% to bills too.

Worryingly, Mark Todd, director of energyhelpline, has warned the pain could get even worse, with further 10% price rises being a possibility this autumn too.

"This is a terrible double whammy to hard pressed households already battered by the recession, real term pay cuts and inflation," he added.

"If you thought the wintry weather was bad, all the snow and ice, wait till your energy bill arrives in April. Unless you have switched to a cheap deal it is very likely to send a further chill down your spine."

What next?

Energyhelpline estimates an average consumer looking to save money on their energy bills can expect to save up to £379 off their annual dual fuel bill of £1,420 by switching.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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