Energy price hikes prompt fixed-tariff debate

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Energy price hikes prompt fixed-tariff debate

With further energy price hikes on the horizon, many people may be wondering whether they should fix their tariffs now or take their chances.

Moneysupermaket.com revealed that four out of the six big UK utility companies offer fixed or capped tariffs: Scottish Power, E.On, British Gas and nPower.

However, it noted that the British Gas Price Guarantee December 2009 deal is £200 more expensive than its cheapest online dual fuel tariff, at £1071 a year.

Scott Byrom, utilities manager at moneysupermarket.com, said that although capped prices offer peace of mind, they come at a premium.

"Brits looking to stay on the cheapest deal available should consider dual fuel online products," he suggested.

A recent survey from uSwitch found that an extra 500,000 people have been plunged into fuel poverty this year, bringing the total number of people struggling to pay their energy bills to 4.5 million.
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