Homeowners braced for winter white out
A winter ‘white out’ is on its way that could cost Brits over £1.2bn on energy bills, according to new research from comparethemarket.com.
The comparison site reckons that gas bills are set to rise by 6.2% over the winter months which, when combined with the predicted cold weather, could leave British consumers with a price hike of £46 extra each.
Climate experts are expecting one of the worst winters since ‘The Big Freeze’ of 2009/2010, and consumers will look to stay warm in the cold spell. But they will need to pay for it.
James Padmore, head of energy at comparethemarket.com, said, “‘El Nino’ is set to cause a winter of financial discontent for British consumers. The increased use of gas to heat homes will put a large dent in consumer finances.
“The £46 that we calculate may be added to a household’s annual bill, as a result of increased energy usage during the severe winter, is a sum of money most people would prefer to spend on Christmas presents at this time of year.
“Furthermore, costs will be far higher than necessary for those households which have not actively sought out the best deals. Our latest data shows that the majority of consumers who switch energy provider save over £200 a year, which more than offsets the financial damage of the winter white-out.”