LEEDS, UNITED KINGDOM — (Marketwire) — 03/21/13 — With a continuing upward trend in the cost of , including recent increases from the –Big Six– suppliers, Asda Money looks at the likelihood of increases to the cost of energy in 2013.
Government bodies forecast energy price hikes
The government–s Office for Budget Responsibility (OBR) has warned that consumers could be hit with bigger than normal increases this year. As much as GBP 70 could be added to the average energy bill if energy prices rose by a further 5%, according to the OBR, sending the average annual bill soaring to around GBP 1,420(2).
A report from the Bank of England has also forecasted that the combined impact of rising distribution, development and infrastructure maintenance costs faced by the UK–s leading energy suppliers could also act to drive up prices in 2013.
Taking action to save on the cost of energy
With rising energy bills set to burn a considerable hole in consumer–s pockets there are a number of ways that consumers can save on their energy costs.
offers consumers the chance to switch and save in around 7 minutes, helping to cut the size of the energy bills(5).
Notes to Editors
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About Asda Energy Compare & Save
(i) At least 10% of customers who used energyhelpline (providers of Asda Energy Compare & Save service) to switch their gas and electricity between 01/01/2011 – 01/03/2012 saved GBP 346 a year or more.
(ii) Based on over 100,000 people comparing their energy with energyhelpline between 29/03/2012 – 11/05/2012.
+ At least 10% of customers who used energyhelpline (providers of Asda Energy Compare & Save service) to switch their gas and electricity between 01/08/2011 – 23/02/2012 took 7 minutes or less to complete the switch application.
is provided by energyhelpline. energyhelpline is a free and impartial independent price comparison service. Fully accredited by Consumer Focus, compare all suppliers in the UK to help you find the cheapest energy deal.
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