Good News for Households: Energy Prices Drop by 7%!
Energy Bills Reduced: What You Need to Know to Save Money
According to Independent, Good news for households! The price of energy has plummeted by 7%, resulting in a significant reduction in the average household energy bill, now standing at £1,568 – a £122 decrease from last year’s price of £1,690.
If you use a standard variable tariff and don’t have a smart meter, you need to tell your energy supplier your meter reading by July 1. If you don’t, you might be charged more money than you should be. The average household will spend £83 on energy in July, which is less than the £127 they spent in June.
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Energy Bill Fixing: How to Avoid Future Hikes and Save Money
Experts say that now is a good time to look for better deals on energy. They suggest fixing your energy price for a year to avoid future price hikes. By doing this, you can be sure of your energy costs and avoid paying too much money.