MILLIONS will want to get clued up on these six money changes happening in January that could affect your finances. January is an important month, with households looking to get their finances in o…
But for some people on Eco tariffs, where you pay different rates at night and day, they could pay nearly £150 more over the course of a year.
The hike will be worst for those on standard tariffs in North Wales and the Merseyside area who pay for their electricity on receipt of bills and not by direct debit.But those in the north of England will likely pay around £3.90 less per month. Prepayment meter customers will see an average bill increase of £1.50, while those who pay by direct debit will see an average increase of just two pence.
The changes are made to the amount that energy suppliers charge per unit of gas and electricity they supply.If you're on an eco tariff which has seen a dramatic hike in costs - check with your supplier about moving onto the standard variable tariff. But be aware that you may incur a hefty exit penalty if you do opt to move tariff - so it's important to weigh up the costs.But if you're really struggling and you're in debt with your supplier there are also plenty of energy grants and schemes open to help you out.Thousands of households have until January 31 to get a cash boost through the Household Support Fund .
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