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Many householders may face gas and electricity price rises of up to 30% in the next fortnight because a number of cheap energy deals are coming to an end.
Eight popular tariffs from British Gas, E.On, EDF Energy and Scottish Power that consumers signed up to in the past 18 months are due to expire. People on these deals will be put on the standard tariff provided by their energy supplier. This could mean bill increases of up to £266 a year.
Quoted in The Guardian, Joe Malinowski of the comparison website TheEnergyShop.com (link opens in a new window) said: "The next month will see a lot of very cheap legacy tariffs coming to an end," Joe Malinowski of TheEnergyShop said. "We are advising that people now go for a fixed-price energy deal as – with across the board price increases expected shortly – a variable deal exposes you to higher bills."
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Source: Guardian (link opens in a new window)
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