![]() ![]() Moving to wider cost of living and business news now, and we have some updates from a few household names.Ĭineworld is expecting to exit bankruptcy in July after it secured further backing from lenders for its restructuring plan. "After a long spell of having no option but to try to reduce their usage at home, now is the time for energy customers to start paying attention to the market again."Īlice Haine, personal finance analyst at Bestinvest, agrees: "While there are no fixed deals available right now, that may change in the days and weeks ahead if suppliers start offering deals though any decision to fix needs careful consideration." "This is a watershed moment for energy suppliers who can now look to start offering fixed deals again, given the market conditions - and would help to encourage genuine competition in the retail energy market," says Ms Mathie. There is now a feeling among analysts that fixed-rate deals could start returning to the market - so you might be able to get a deal cheaper than the price cap. Still, Ms Mathie says the price cap reduction is "good news" but people should be aware that now the government's Energy Price Guarantee is going (from the end of June), "volatility" reigns as the price cap is updated every three months. It is also worth noting that there will be no government help this winter - such as the £66 monthly payments most people received late last year and into this one. Natalie Mathie, energy expert at the comparison site, says: "The average household can expect monthly direct debits to be set at £173, although typical seasonal usage may only see you spend £110 a month over the summer." Uswitch says that anyone in a fair amount of credit come July should contact their energy provider to discuss lowering their direct debit. ![]() If you've been following along you'll see this is our second such post - we're doing a fresh one as we have a few new expert contributions, including from Uswitch. ![]()
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