UK household energy bills to see rise end of January: UK households will face an £84 million energy bill increase by late January analysis says.

This is as reported by the forecast from comparison & switching service Uswitch, that says households may see their bills hike by £171 on average, as they are shifted automatically onto a Standard Variable Tariff when the fixed deals end.

The study points out there is now a £161 gap between the cost of the best bargains on the market & the set energy price cap, that is currently at £1,042.

Sarah Broomfield, Energy Expert at Uswitch, stated: “People often use January as a prime time to detox their finances and it means that many fixed deals taken out this time last year are about to come to an end.

“It is also likely that the energy price cap will increase from April, meaning bills are likely to become more expensive. This makes it even more important that people who are about to move onto a standard variable tariff switch suppliers now.”

“With the majority of the country spending more time at home during this national lockdown, combined with the cold weather, we will be using much more energy to keep ourselves warm.”

UK household energy bills to see rise end of January