Millions of Brits could pay £69 a year extra on bills as energy prices increase

Millions of Brits could pay £69 a year extra on bills as energy prices increase

May 24, 2021

Electricity and gas prices are increasing again for Bulb customers.

The price increase will add £69 a year for bills and it'll come into force on June 21.

Bulb is contacting Brits to let them know about the changes and it'll impact direct debit customers.

It comes after the provider hiked its prices last month, adding £91 a year to costs.

The tariff is currently £1,057 a year with typical energy and gas use, but it's going to increase by £69 to £1,126 a year.

Anyone who signs up to Bulb from May 31 will automatically be charged with the new rates.

However, anyone joining between now and May 31 will pay the current rate before it changes in June.

Customers can look up the current and new rates for their area by visiting Bulb's tariff page.

Scottish Power, EDF Energy and EON have already hiked energy bills over the past year.

Since the new price cap was introduced last month, fixed deals have slowly been rising for Brits.

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A Bulb spokesperson said: "Wholesale energy prices have doubled since this time last year, and are up by a third since March.

"We pass on cost savings when the cost of supplying energy falls, so when it drops sufficiently, so will our prices."

The energy provider says it doesn't have any exit fees so customers can leave if they're not happy with the new price.

There are many websites to help you find the best deals, like uSwitch, Money Supermarket and Go Compare.

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