Price war good for tariff switchers

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* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Now could be a good time for people to log onto price comparison sites and start switching their energy supplier.

EDF, npower and British Gas have just started an online price war as they try and boost the number of customers signing up to their deals as they come to the end of their existing tariffs.

According to the Times, almost five million households are currently on a fixed-rate tariff, with many switching to these deals as prices began to rise.

However, industry experts have encouraged customers to shop around and not just stick with their energy provider's standard tariff when their fixed-rate deal comes to an end – as they could end up paying over the odds – the paper states.

Meanwhile, Consumer Focus has just voiced its concern about the high cost of electricity and gas in the UK and has called on all energy suppliers to start cutting their tariffs in the wake of falling wholesale prices.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

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