Homeowners are paying hundreds of pounds more for their energy bills because they are locked into fixed tariffs which far exceed a Government-imposed price cap. The Government will in the coming weeks set out plans to force energy companies to switch customers on to lower tariffs, protecting millions from paying over the odds. But new research published by the auto-switching service Look After My Bills found 65 tariffs with 22 different suppliers are currently offering fixed price deals that are more expensive than the current price. The cheapest deals on the market currently cost under £950 which means people on these fixed price deals will be paying as much as £250 more per year. Of the Big Six energy companies, ScottishPower has the most fixed price deals above the current price cap, with 18 tariffs above the cap.
Telegraph 27th Feb 2021 read more »