Households to face a £1,200 hit from next April with 2022 set to be the 'year of the squeeze'

MSE_Emily

Households across the country are set to face an income hit of £1,200 a year due to rising energy prices, tax increases and wage stagnation, according to a report by the think tank Resolution Foundation...

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Households to face a £1,200 hit from next April with 2022 set to be the 'year of the squeeze'

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JC1949

I have just heard from Scottish Gas 

£1278.01

estimated annual cost Based on paying by Direct Debit

This tariff is £421.10 more than the default tariff - but we’ll keep your rates fixed until 31st July 2023 If instead I go on to the variable tariff it will be  £856.91 estimated annual cost Based on paying by Direct Debit Variable~ rate tariff with no end date No exit fees Can  I just clarify should I do nothing and move on to variable when my current capped contract ends in January  Thanks for your help, sorry I cut and pasted from Scottish gas email

[Deleted User]

JC1949 said:

Can  I just clarify should I do nothing and move on to variable when my current capped contract ends in January  Thanks for your help, sorry I cut and pasted from Scottish gas email

Yes, that is the collective wisdom; however, expect to be notified of a very large increase in early March 2022.