The Telegraph’s Money Advice Editor on the energy price cap increase
What are the main criteria I should use when deciding on a new energy tariff? Eleni, East Midlands There are three main criteria you need to think about. The first one is the type of tariff: either a fixed rate tariff, variable rate ones and separate ones for electric cars, heat pumps and so on. Secondly, have a think about how involved you want to be. If you want to have a rate and know that that’s not going to change, a fixed rate is probably best. If you’re really engaged and love looking at your smart meter and the cost of energy as it goes up and down, maybe a time of use tariff would be good. Thirdly, you’ll have to think about how the deal compares to the current price cap. Although no one has a crystal ball, listen to what the experts are saying. If you know that winter’s coming and energy is about to get more expensive, that’s something important to keep in mind. How long should people have their boilers …
