Money News
15th August 2008
Majority of Britons 'missing out on capped deals'
Millions of Britons are facing higher energy bills after failing to cap their tariffs this month, it has been revealed.
Earlier this month, British Gas and EDF Energy both announced substantial rises to their tariffs, prompting thousands of consumers to seek out capped deals.
However, according to research conducted by Fool.co.uk, 54 per cent of Britons did not move fast enough to see the off the forthcoming price rises.
Laura Starkey, finance expert at the site, said a number of options remain for customers who missed their chance.
Ms Starkey explained: "Consumers are faced with three choices. First, they wait and see. But this could be at the risk of missing the last of the good deals. Second, they take a capped tariff now, and feel the security of knowing their outgoings, albeit at higher prices than before.
"Or thirdly, they get ready to start switching. Finding a new tariff after each price hike may be the best way to keep on top of rising prices by applying a little regular legwork."
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