Household bills 'set to rise' - 04/04/2011
This year could see household bills rising for cheap electricity customers as volatile energy markets push up prices.
A number of experts have warned that cheap gas and electricity costs could go up by between ten and 15 per cent in the coming months due to the aftermath of the earthquake and tsunami in Japan and the ongoing political upheaval in Libya.
Wholesale gas prices have already increased as a result of this activity, while the UK's Office for Budget Responsibility has predicted total household debt will reach £2,126 billion by 2015, partially as a result of the rising cost of living.
Mark Todd, director of Energyhelpline.com, recently forecast price rises will add an average of £170 a year to household bills, so the time to switch energy deal is fast approaching.
"Consumers need to take matters into their own hands by checking on a price comparison site," he advised.
If you want to find out more about switching energy suppliers and how you could save up to £468 in minutes, click here.
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