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Loan refunds: Brits warned against 'second wave' of energy price hikes

People who have obtained loan refunds may want to think about saving this money so they have a small nest egg to protect themselves against the second wave of energy price hikes.

uSwitch.com has warned consumers that the average customer will be paying £239 more for energy following a year of double price hikes.

This warning follows news that ScottishPower will increase its gas prices by 17.4 per cent from August 1st (Monday).

Ann Robinson, director of consumer policy at uSwitch.com, said: "It is now crucial that all consumers start to protect themselves by making sure that they are paying the lowest price possible for their household energy and adopting sensible energy efficiency measures.

"In a time of rising energy prices cutting down on the amount we pay and the amount we use is our best form of defence."

Ofgem recently announced British Gas, which is also set to increase its gas and electricity prices, will be fined £2.5 million for failures on customer complaints handling.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.


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