Beat the energy price rise

From April 1st 2021, the energy price cap is increasing and this means if you are on a standard variable tariff or pre-payment meter you will see an increase in your gas and electricity charges. Onward Financial Inclusion Specialist Helen has the lowdown on how energy switching could help you.

If you want to avoid the energy price increase and save money you should shop around before the increase in the price cap on April 1st.

You can use a comparison site to check the best deals for you – for example, Simply Switch (0800 011 1395), Uswitch or Helpline (0800 074 0745).

You can also look at registering for automatic switching. This means your energy costs will automatically be compared and switched to the best tariff for you each year – there’s more information on advice sites like MoneySavingExpert. However, it’s important to note that this option isn’t available if you’re on a pre-payment meter.

What you’ll need

To compare gas and electricity tariffs you will need to know:

  • Your postcode
  • Who your current supplier is
  • The name of your current tariff
  • The amount of energy you use or how much you are currently paying

These details should be on your latest bill or online account.

Onward customers can contact our Financial Inclusion team for free and friendly financial advice on 0300 555 0600 or FinancialInclusionTeam@onward.co.uk

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