You may have seen in the news in recent weeks and months that energy prices are increasing across the energy industry and thought about what this means for you and what you pay for your energy.
Will my Bill increase?
If you are on a fixed tariff, your price will remain the same until the end date of your tariff, a fixed tariff gives you peace of mind and confidence that the price you pay for energy will remain the same. However, with winter coming your usage might increase which does affect your bill. To read more about how your usage impacts your bill, read here!
If you are near the end of your tariff
If your fixed tariff is coming to an end soon, you will most likely see an increase in your renewal price.
I'm at the end of my contract and my renewal price is a lot higher than my current monthly payments, why have my monthly payments increased so much?
- When we calculate your renewal price there are 2 elements that are used; your estimated annual usage and the tariff rates
- We understand the impact that price hikes may have, especially on those vulnerable, so if you are facing financial difficulty, please contact us to discuss a solution that works best for you.
Why are prices increasing?
Rest assured, So Energy always tries to provide you the best price possible. The vast increase in wholesale costs (where we buy your energy) means that we are forced to increase the prices we charge you.
While we - and most energy suppliers - will pass any savings on to our customers and absorb rises in wholesale costs in order to keep things affordable, there are times when you’ll see an increase in what you’re paying. This is generally unavoidable, and as an energy supplier not something that we like having to do.
The increase in gas and electricity prices over the last years are driven by wholesale costs going up as a result of various socio-political and environmental factors across the world.
Last updated: Tue, 22 Aug, 2023 at 3:40 PMPrint this page
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