Energy bills to rise and cheapest deals removed
Here's a surprise - there is going to be yet another rise in energy bills. It was already beyond a joke, so this is approaching outright contempt. Comparison site Energyhelpline.com predicts that families will be facing a rise of £118 rise in their bills and there's the small matter of companies withdrawing their cheapest deals too.
This year, we'll collectively be paying an additional £3bn on energy this year even though gas use has fallen and we're not using any more electricity than usual.
Scottish Power and First Utility have axed their cheapest plans and EDF just got rid of their good value plan. It looks like other energy companies will be following suit.
"The cheapest fixed deals are now, on average, £50 a year more expensive than they were one week ago," said Joe Malinowski of TheEnergyShop.com. Basically, customers looking for good deals won't be finding them on fixed-rate tariffs, and now, the best deals are all discounted variable rates which are more expensive than the fixed-rate equivalents with the added dread of penalty fees.
Can we round these people up and thrash them?