From April, which is just days away, millions of households will see their energy bills rise to an average £1,971 a year after Ofgem announced the brand-new energy price cap earlier this year.
Energy prices will rise by £693 a year for millions of households as a result after the energy regulator hiked the price cap on bills to £1,971 or 54%.
Moreover, 4.5 million people on prepayment meters will see an even bigger increase of £708 a year - an increase of £1,309 to £2,017.
READ MORE - Martin Lewis issues warning to anyone considering giving a false meter reading
Money saving experts have advised most people to remain with their current energy providers, stick with a capped tariff, or to move once their deal ends as opposed to in the middle of the crisis.
However, what are the latest tariffs for the main UK energy companies?
Octopus
They are offering a new flexible tariff for customers from April 2, 2022, due to the rise in the energy price cap. This tariff is £50 below the price cap for loyal customers with £5m put into the Octopus Assist fund to aid customers that need it the most.
After the energy price cap, rates will appear in the lower regions in comparison to the other energy providers:
* Direct Debit: £1,921 (if you are on the standard tariff before April 2) and £1,969 (if you come off a fix from April 2)
* Prepayment meter: £1,967 (if you were on the standard tariff before March 3) and £2,015 (joining on prepay after March 3)
EDF Energy
They provide a pros and cons list between fixed rate, dual energy, and variable tariffs on their website to help customers choose the best tariffs for them. Rates for EDF Energy will rise to be similar to British Gas:
* Direct Debit: £1,971
* Prepayment meter: £2,017
British Gas
Their energy tariffs for gas and electricity can be found according to your postcode here. As energy tariff rates rise in line with the price cap from April 1, 2022, tariffs remain in flux and unpredictable.
British Gas offers a fixed price tariff for contracts over 10 months as well as green tariffs - which match 100% of the electricity and 10% of the gas with renewable charges while offering fixed prices for over 10 months.
It also offers an energy plus home service option with fixed prices for over 12 months, and an electric vehicle (EV) tariff with fixed prices over 12 months that comes with an installation of an electricity smart meter. Following the energy price cap, rates can expect to look like this:
* Direct debit will cost £1,971 per year
* The prepayment meter will cost £2,017 per year
E.ON
They offer fixed and variable tariffs to suit each customer. These can be viewed and compared by entering your postcode on their website here and scouring through the list of plans on offer.
E.ON and their renewable energy supplier E.ON Next will rise costs after the price cap to:
* Direct Debit: £1,971
* Prepayment meter: £2,017
E.ON and E.ON Next offer their customers 100% renewable electricity which is a way to make the most out of smaller amounts of energy, however, their prices have still gone up
.
