Act now to beat the July price hike
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The energy market is shifting again, and we know that it’s a worry for most of us. You may question whether you should stay on a variable tariff or lock into a fixed tariff. It can feel like an overwhelming decision.
While the price cap fell by 6.7% in April, Ofgem has announced that the price cap will now increase by 13% from July as a result of "higher wholesale gas prices, caused by the ongoing conflict in the Middle East”. That works out to a typical household paying £1,862 per year for their energy. That’s the bad news. The good news is that you can take control of your energy costs today and help make Britain greener by switching to an Ecotricity fixed tariff.
5 reasons to choose an Ecotricity fixed tariff
Ofgem has locked in the hefty rise coming up in July but things get more difficult to call the further ahead you look. The price cap is readjusted every three months, so locking in your energy costs for a year makes a lot of sense.
Peace of mind – know exactly how much you’ll pay for every unit of green electricity and gas.
Protection from price rises – even if the price cap continues to rise, your costs will stay the same.
100% green electricity – we’ve been generating the good stuff for 30 years at our wind and sun parks around Britain.
Bills into Mills – we don’t pay dividends, instead we use your bills to build new forms of green energy.
The ethical choice – we operate an ethical approach to everything we do, including pricing. We’re also the only energy company in the world certified as vegan by both The Vegan Society and Viva!, the vegan charity.
What is the price cap?
The price cap sets the maximum daily standing charge (what you pay to have your home connected to the grid) as well as limiting the amount suppliers can charge for each unit of gas and electricity you use.
If you use more energy than the typical household as defined by Ofgem, you’ll pay more.
The price cap mainly affects variable and default tariffs. Customers who opt for a fixed tariff are protected from price cap fluctuations, offering greater stability and predictability in their energy costs.
Fix your energy prices before the cap rises
The July price cap is coming up fast – don’t wait for it to hit your bills. Get a quote in just 30 seconds and see how much you could save by fixing with Ecotricity.
Switching is simple, painless and fast – and we’ll handle everything with your old supplier.
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