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Uswitch Urges Households to Switch Before 1 July Energy Price Cap Rise
Uswitch said 63% of 4,000 energy decision-makers were unaware of the rise, while average savings of £316 are available on fixed tariffs.
- With just days remaining before the July 1 energy price cap increase, Uswitch is urging households to review their tariffs immediately. Ben Gallizzi, an energy expert at Uswitch, warned that standard tariffs will see rates rise, making it an urgent priority to switch.
- The government's upcoming price cap will see households pay 13 per cent more for bills starting July 1. To warn the nation, Uswitch deployed electric vans with countdown timers across England, Scotland, and Wales, visiting London, Birmingham, and Manchester.
- A study of 4,000 decision-makers revealed 63 per cent were unaware of the upcoming cap. Additionally, 20 per cent of 2,000 households surveyed find comparing tariffs daunting, while 18 per cent wrongly believe switching offers minimal savings.
- Despite average savings of £316 on fixed deals, 42 per cent of those on standard variable rates are not considering switching before July 1. Gallizzi added: "These deals might not be around for long, so take a few minutes to check online."
- The July hike sets a baseline for further increases in October, leaving many feeling powerless over bills. Yet 29 per cent of users seek protection against future price rises, a benefit fixed tariffs can guarantee.
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Total News Sources24
Leaning Left0Leaning Right1Center21Last UpdatedBias Distribution95% Center
Bias Distribution
- 95% of the sources are Center
95% Center
C 95%
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