Comparison website uSwitch has some dual-fuel deals had been replaced since the referendum, with new offers costing up to £105 a year more for the average customer (HERE). It said wholesale energy costs had been rising for the past three months, and that the UK’s position as a net importer of energy meant the falling pound was pushing up prices.
British Gas, EDF and Scottish Power are among the firms to have repriced a fixed-rate gas and energy deal, although the biggest increase was by small provider Extra Energy, which replaced its Fresh Fixed Price October 2017 deal, typically costing £770 a year, with one fixed until August 2017 costing £875 for an average energy user.
Tom Lyon, energy expert at uSwitch, said: “For nearly three years, wholesale gas and electricity prices have been falling, leading to cheaper and cheaper fixed-term deals for consumers. But with concerns about future UK energy supply, the impact of Brexit, and a weaker pound, we are starting to see some suppliers increase the price of their cheapest deals.”
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