MILLIONS of households will see their bills go up from tomorrow as many providers – including energy and mobile phone firms – put up their prices. April 1 marks the start of a new tax year, so we’ve put together a round up of all of the price hikes you can expect and how you can save costs. 1. Energy bill hikes of up to £117 The biggest price hike is on your energy bills as the Big Six providers – British Gas, EDF, Eon, Npower, Scottish Power and SSE – along with 30 smaller providers raise costs in line with energy regulator Ofgem’s price cap. It means firms can now charge £1,254 a year for their standard variable tariff. As a result, 11million households are expected to see bills go up by £117 a year – even smaller firms such as Ovo are raising costs. In general, suppliers blame the increase on rising wholesale costs – the price that energy companies pay for gas and electricity – but energy supplier Bulb actually announced a bill cut due to falling costs. Hate your high energy bills? Sort them out with SwitchcraftSWITCHING energy suppliers could cut HUNDREDS of pounds off your bill. Here’s what you need to… Read full this story
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