Changes to energy price cap

Energy prices are rising

Ofgem, the energy industry regulator, has announced that from Tuesday 1 October, the price cap on gas and electricity prices will rise by 10%. This means that the typical household that pays by direct debit will see their average annual bill rise to £1,717 a year for gas and electricity. This is up £149 from its current level, which has been in place since July.

What is the energy price cap?

The energy price cap sets the maximum amount that suppliers can charge for each unit of gas and electricity. 

From Tuesday 1 October, gas prices will be capped at 6.24p per kilowatt hour (kWh) and electricity at 24.5p per kWh – up from 5.48p and 22.36p now. 

Standing charges - a fixed daily charge that covers the cost of connecting to the supply - will be going up too; to 32p a day for gas and 61p a day for electricity.

What does this mean for you?

The price cap doesn’t limit your total bill. How much you actually pay will depend on: 

• how much energy your household uses; 
• how you pay your bill; and 
• the type of meter you have. 

So if you need to use more energy – because you have a large family, or you have a health condition that means you need to have a warmer home, you might need to pay even more. 

Easy ways to save energy

Not all energy-saving measures are expensive and time consuming. There’s lots of easy and inexpensive ways you can cut your energy use and save money - discover our top tips.
 

Get help

If you’re worried about your energy bills, we’re here to help – call us on 0808 808 2282  or, if you’d rather speak to someone over email or WhatsApp, get in touch via our website contact form today.

Our friendly advisors are on hand to give you free, expert and impartial advice about ways you can reduce your bills and make your home warmer. They can explore any funding available and offer specialist advice if you need additional support.

If you need help, don’t put off contacting us. As you might expect, our service is busier in the winter months, so don’t delay – get in touch now.