Energy bill warning for 418,000 due to come off 73 cheap fixed deals who could pay £313 more if they don’t act now

MORE than 418,000 households face huge energy bill hikes as their fixed deals, secured in Spring 2024 when energy prices were lower, are set to expire.

If affected customers do not switch to a new fixed rate deal, they will be automatically transferred to their supplier’s standard variable tariff (SVT).

These tariffs are typically more expensive and track the Ofgem price cap, which recently increased by 6.4% – its third consecutive rise – on April 1.

Households...