All the energy suppliers slashing fixed energy bills from October

Energy bills: Martin Lewis discusses standing charges

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More than six million households are currently on a fixed price tariff and won’t automatically benefit from the £2,500 cap on energy bills announced by Liz Truss last week to try and help families through the cost of living crisis. However, some energy suppliers have said they will ensure these customers aren’t paying more or can move on to the cheaper standard variable tariff. 

However, people could pay more than this if they are high users, and those who switched to an expensive fixed rate tariff before Liz Truss’ announcement last week, may end up paying even more due to the way the discount is applied.

While energy bills are around three times higher than this time last year, capping bills at £2,500 will save people £1,000 on average.

The good news is some energy suppliers have confirmed their customers on fixed rate tariffs will not have to pay more than those covered by the cap and they can choose to switch plans free of charge. 

British Gas, EDF, Octopus Energy and Ovo Energy have said none of their customers on fixed tariffs will be worse off.


In addition, people should start to receive discounts on their October bills through the Energy Bills support scheme. 

British Gas, SSE and EDF customers who pay for their energy bills by monthly direct debit should get the cash paid into their bank account or as a bill reduction.

Those who pay after getting a bill will get the cash as credit on their energy account.

People with a smart prepayment meter will get the £400 in instalments as a credit on their meter and households with traditional prepayment meters will receive vouchers, which can be used to top up their meter.

Many people will still be looking to make savings and may want to ditch these energy guzzlers now to save hundreds this winter.

When it comes to which appliances around the home use the most energy, the three main culprits tend to be central heating, tumble dryers and electric ovens.

Gas central heating costs around £6.72 to run a night, while an electric blanket costs 42p a night (based on eight hours of use).

Research by Utilita and Iceland found whereas an average electric cooker costs 87p to run per day, an air fryer is six times cheaper at just 14p per day.

How much every home appliance costs to use – from kettle to oven

As energy bills continue to rise, many households will be planning ahead to make smarter choices to save some precious pounds this winter.

But how much are we really spending on electricity, and which items in your home are the worst energy guzzlers? has collated this exhaustive list of all common household appliances and how much a single use will cost you. Click HERE to find out more.

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