What’s in this guide?
If you are a British Gas customer, you may have noticed the recent news that their prices have been increased several times in the last few years and will be increased further still.
These price increases are going to affect over 4.1 million British Gas customers.
Unfortunately, customers can expect energy prices to increase between 30% and 40% in the next five years.
So what exactly are these new prices? How can you avoid them?
Find out in this guide to the British Gas price changes in 2018.
Price change news
If you are on the standard variable tariff offered by British Gas, your bills could go up by £60 on average.
So your yearly bill will go up to cost dual fuel customers £1,161, which is a rise of 5.5%.
£60 on average is the price your energy will increase to if you are on a temporary tariff, meaning that your yearly bill will increase to £1,136 which an increase of above 5.5%.
This is after the previous price increase in April, which added another £40 on average to customers.
All told, it will likely mean that your average annual bill will have increased by £100 in just the last few months, with more increases expected later in the year.
I am a British Gas customer – does this affect me?
You will only be affected by these specific price increases if you are on the British Gas standard variable tariff or the temporary tariff.
This is the tariff that British Gas will move you onto when your current contract ends.
That is why it is important to always compare your options when your current contract is going to end; you could save up to £200!
What can I do to avoid the price increase?
These tariffs don’t have terms that lock you in, so you can switch at any time without incurring any penalties.
Home Energy Plus Cover May 2019 which is £1,055 a year, is another option for British Gas customers.
You can also get boiler cover with this tariff.
Comparing suppliers means that instead of switching to the first supplier that you see, you take a look at many deals available to you right now.
This can end up with you saving some serious money on your annual bills.
How do I compare?
You need to take into consideration what it is that you want the most in your supplier.
For instance excellent costs, customer support satisfaction or because of extra services that they offer, such as annual boiler care or perhaps house insurance.
This is what you will need:
- Your location
- Annual consumption or spend
- The size of your home
- Phone number
Did you know that you could be saving £200 a year on your energy bills?