Energy Price Hikes by the Big Six

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Recent hikes announced by the Big Six energy suppliers this year has impacted around 11.5 million households resulting in their standard variable tariffs increasing by an average of £75 this year and more than £160 per year compared to prices in 2016!

Back in July 2016, a typical user on a Big Six standard variable tariff paid £1,043/year. In 2017, five of the Big Six hiked their prices in the spring, followed by British Gas at the end of summer. After these price increases, the average cost jumped by 6% - or £63 - to £1,131/year.

This year, we've had yet another round of hikes, with EDF the latest firm to increase its prices, announcing its second price increase of the year earlier this month.

After these all hit, the average big six standard variable tariff will cost a typical user £1,206/year - an increase of nearly 16%, or £163/year, on two years ago, and £75 (6.5%) following the 2017 price hikes!

If you're on a Big Six standard tariff, you're likely to be massively overpaying for your energy - most can currently save £350/year by switching their supplier.

Why pay more than you have to switch today!

If you need help understanding your energy bills and switching your tariff or energy supplier contact us now:

 

tel: 020 3633 5208 or 07837 124 584

email: tristan.owen@altristenergy.co.uk

 

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