London will be hit with a 7% rise in gas prices following British Gas annoucement that prices will rise for both gas and electricity by an average of 7% on 10 December, in a blow to 8 million households across the UK.
Moneysavingsexpert.com have urged customers to switch away from British Gas with Martin Lewis, MoneySavingExpert.com creator, says:
"With each announcement the urgency gets ever more intense. This winter's bills are set to be a huge shock for many and time is running out to do something about it.
"What's slightly frustrating is many millions are unnecessarily paying £100s extra a year. Most people are still on standard tariffs which cost an average £1,200 a year, while the cheapest online billed deals are around £900.
"People can compare, switch, get a cheaper price, and save even if their online tariff is subject to a price hike.
"As switching supplier can take up to two months, those who leave it until winter or the price hikes actually hit won't get any benefit during the peak usage months."
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