How you can beat the 12.5 per cent British Gas hike to electricity costs

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How you can beat the 12.5 per cent British Gas hike to electricity costs

Dear British Gas customer,

I’m writing to inform you that you are now a month away from seeing your bills hiked.

On September 15, British Gas will increase electricity costs for most customers by 12.5% which, for a typical dual fuel bill, will add £76 a year. Those on fixes won’t see a rise until the fix ends.

This is British Gas’s catch-up price hike. It was the only Big Six energy firm not to raise prices at the turn of the year, and this delayed rise was widely predicted back then.

It also means if, as is possible, we see another batch of rises in winter, it’ll feel like you’ve been price-slapped twice in rapid succession.

Of course its freeze did give a little respite from price moves over the high-use winter period.

British Gas will increase electricity costs for most customers by 12.5%
(Image: Photographer’s Choice RF)

Yet for many the false sense of security, that it wouldn’t move prices, meant you did nothing, when you could’ve cut costs substantially, and frozen your price for far longer, by actively picking a far cheaper one-year fixed deal.

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So this is a clarion call, for all British Gas customers and anyone on a Big Six standard tariff. Do not sit on your backside, wait for the rise and just take it.

With typical energy use on British Gas’s standard tariff you’ll pay £1,120/year from September.

Yet the cheapest tariffs on the market are £840/year. So take five minutes now to check how much you can save.

Switching is no big deal – no break in service, no engineers calling – and it’s the same gas, electricity and safety.

Only price and customer service changes. Finding your cheapest deal depends on where you live and how much you use. Whether you’re dual fuel, single fuel, or on a prepayment meter, the easy way to find out is to use an energy comparison site. There’s a list on ofgem.gov.uk.

Yet be careful. When you switch via a comparison site, they normally get paid (roughly £60 dual fuel).

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This doesn’t add to your price – you still pay the same as going direct to the energy firm.

However, a recent rule change means they can now default to showing only the tariffs which pay them, which means you risk having the very cheapest deals hidden.

To be transparent, my www.cheap
energyclub.com price & service comparison has always defaulted to showing all tariffs and will continue to do so.

And if we get paid to switch you, we give you roughly half of what we get, so £30 cashback dual fuel.

Sainsbury’s Energy is just British Gas under another name. Its customers will also face a price hike in a month’s time.

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