Prices can go up during your contract term. For example, you might have signed up for a 12-month energy offer. But your prices can go up before the 12-month period has finished.
There are 3 main reasons why your prices go up:
- The retailer has to pay more for the energy.
- The cost of getting the electricity or gas (along power lines and gas pipelines) to your house goes up.
- The government might add on costs for the retailer.
Your retailer adds up these costs and passes them to you, which is the tariff that you see on your energy bills.