Sky customers will soon be hit by a big price hike with the TV and telecoms company announcing its yearly rises. The changes, which will come into force from April, will affect those using the firm's TV and broadband services with bills rising by 6.2 percent. That increase means those currently paying Sky £60 per month will pay an extra £3.78 per month - those paying £100 will soon be hit by an extra £6.20. Of course, each bill is different, so customers will all face unique rises depending on their current contract.

Sky says that the new cost increases are reflective of the investments it has made to improve its products and services.

"At Sky, everything we do is focused on bringing people the joy of a better experience," said Devesh Raj, Chief Operating Officer, Sky.

"Whether it’s award-winning content, world-class sports coverage, or reliable broadband, we strive to provide an offering that sets us apart. I’m proud to say we’ve invested heavily over the last twelve months, so our customers now have access to more than ever before."

The firm also says that it is facing increasing cost pressures – such as the amount it pays wholesalers for its connectivity infrastructure along with the investment it needs to deliver improvements to its products.

These increases are, of course, then passed onto consumers. Sky says its rises are in line with or lower than other providers.

There is some better news with Sky's social tariffs - which keep those on lower incomes connected to the web - being frozen for the year ahead. That means these plans won't go up.

Speaking about the changes, a Sky spokesperson said: “Our Sky broadband and TV products will see an average increase of 6.2% from April. We have worked hard to minimise the financial impact to customers while ensuring we maintain incredible value across our products and continue to invest in the services and experiences they know and love.”

Of course, Sky isn't the only firm that will be rising prices with all of the other major providers also hiking things in the spring.

If the thought of paying more gets you hot under the collar, then now is a good time to go online shopping. There are plenty of deals on the market that could help slash costs ahead of the hikes.