If you’re on British Gas’s standard tariff, you’ll see your rates jump today as it’s hiking prices. On average, a typical dual-fuel household will see bills rise by 7.3% or 76/year so act now to switch and save.
The UK’s largest energy supplier announced the hike in August, immediately after the end of a promised period of price freezes. It confirmed a 12.5% hike to its standard electricity prices, while keeping gas prices unchanged.
About 3.1 million of its customers, including those with Sainsbury’s Energy which British Gas operates will be affected by today’s price rise. But British Gas says more than 200,000 customers classed as ‘vulnerable’ because they get the Warm Home Discount will receive 76 credit to protect them from the increase.
Prepay customers and those on a fix aren’t affected.
Hit by the hike? Don’t just put up with it. See if you can switch and save 100s with our free Cheap Energy Club.
If the price of your electricity has shot up today, the best thing to do is to switch. A typical user on British Gas’s standard tariff can now save around 300/yr by grabbing a cheap one-year fix.
Prices vary by region and usage, so it’s best to do a full market comparison on our free Cheap Energy Club. You’ll then have different options:
If you’re prepared to pay a little more for the security of locking in your energy price for two winters, act TODAY and you can still grab Ovo’s market-leading two-year fix, until early Saturday morning.
When it first announced the rise, British Gas said the 12.5% electricity hike reflected “the increasing costs of energy policy, and delivery to customers’ homes since 2014”, adding that over this period, electricity costs increased by 16%.