Energy bills to rise for millions - here are three savings hacks YOU need to know to protect your money

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Energy bills to rise for millions - here are three savings hacks YOU need to know to protect your money.

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Households still have time to prepare their finances ahead of Ofgem's energy price cap hike this summer, with hundreds of pounds in savings up for grabs.Earlier today, the energy regulator confirmed the annual and electricity bill will rise from £1,641 to £1,862; representing a 13 per cent or £221 hike typical household.The increase, which takes effect in July, is the latest in a string of cost-of-living pressures that have squeezed family finances in recent years.

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But money-saving experts say there is a practical way for many workers to offset the hit , and most people aren't taking advantage of it.Britons are reminded to check if they qualify for any freebie benefits through their profession, with discounts being available for both NHS workers and teachers.Dave Cawley, the finance director at Discounts for Teachers, says the rise will be a real concern for households already feeling the strain.

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He explained: "A £200 increase to household energy bills will understandably be worrying...

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