Prices can rise during your contract term
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 months has finished.
There are three 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.
Your retailer adds up these costs and passes them to you, which is the tariff that you see on your energy bills.