April’s Price rise

April brings price rises

With the Energy price cap set for a £117 increase this month for those on Variable tariffs, we believe there has never been a better time to switch to Nabuh.

There is estimated to be around 11 million customers who are going to be affected by the price rise with an average household expecting to pay around £117 more per year for their gas and electric.

The reason behind the price cap was to protect customers who may be on an energy companies’ ‘default’ often variable tariff. OFGEM have stated that they can assure “customers that they remain from being overcharged for their energy and that these increases are only due to actual rises in energy costs”[1]

Customers who are on fixed tariffs will not be affected by the price rise, however, they should be aware that when their tariff ends, they will be subjected to the new, higher prices.
Prepayment customers should also be made aware that they will also see an increase, with a price rise of £106 on average.

Price rises are set to be reviewed twice a year, however, this does not necessarily mean that prices will always rise.  The next review is set for October and dependant on the wholesale energy market, prices will either rise or fall.
Want to know if you can save hundreds this year by simply switching? Click here to get your free quote and see how much you could save.

[1] https://www.moneyexpert.com/energy/energy-price-cap-increase-set-april/