Energy consumers issued new price warning

SimplySwitch suggests that many of the deals brought in to offset consumer concern over rapidly rising prices are set to expire and could leave thousands of Brits facing further pressure on their debt management situation.

According to the company, as many as half a million Brits could face being reverted to a standard tariff and householders could see their bills rise by a little over 50 per cent.

Karen Darby, founder of SimplySwitch, commented: “Customers on a capped deal that comes to an end will effectively be subjected to a delayed price increase – they will automatically revert to a standard tariff and they could be left paying over £300 more a year for their energy.

Meanwhile, research backed by the Department for Education and Skills revealed last week that for around 30 per cent of parents in the UK debt management is seen as a taboo subject.