Energy prices likely to increase even further. With QE devaluing the pound, imports become more expensive.
In addition, inflation is eroding the real value of your income and savings.
Most people would now be better off going for a fixed-rate tariff.
Scottish Power offers a three year fixed-rate called Fixed Price Jan 2015 which would cost the average UK household £1,214 a year.
EDF's Price Protection 2014 fixes until June 2014 and the average household would pay £1,200 a year.