New Ofgem Price Cap Will See Energy Bills Rise for Millions
Ofgem's 2% increase raises the average UK household energy bill to £1,755 annually, 54% higher than pre-crisis levels, intensifying financial pressures on consumers.
- On October 1, Ofgem will introduce a 2% rise to the energy price cap covering England, Scotland and Wales as part of its routine quarterly update.
- Driven by post-2021 price shifts, the new cap is £617 higher than pre-crisis charges, a 54% increase since the autumn of 2021, while wholesale gas prices remain 75% above levels before the Ukraine invasion.
- A typical dual-fuel household will now pay £1,755 annually, with the increase adding £35 a year and fixed tariffs protecting roughly 37% of customers.
- Citizens Advice Scotland called the 2% price cap rise `unacceptable` and Advice Direct Scotland urged a social energy tariff as advisers brace for more calls via an online advice portal and helpline.
- Ministers are being urged to set out plans over the coming years to support struggling households and prioritise energy upgrades, while expanding the Warm Home Discount to 2.7 million more people despite costs remaining 625 pounds lower than early 2023.
28 Articles
28 Articles
'I'm a struggling pensioner, the energy price cap rise is another nail in the coffin'
A grandmother who is already struggling to afford her bills has described her dismay at the energy price cap rise and says she is now dreading winter.Muriel Westworth, 73, who lives in Preston, Lancashire, told The i Paper her health conditions including arthritis, asthma and lymphedema mean it is important to keep warm – but she says she could barely afford to pay her energy bills even before another rise.Ms Westworth, who is married and has tw…
UK Energy Bills to Climb as Price Cap Rises
Millions of British households face higher energy bills this autumn as the energy market regulator raised the Energy Price Cap—the maximum amount energy suppliers can charge residential customers—by more than analysts had expected. The UK has a so-called Energy Price Cap in place, which protects households from excessively high bills by capping the price that energy utility providers can pass on to them. Energy market regulator Ofgem on Wednesd…
Struggling salon owner says energy bills have risen by 83 per cent
A hair salon owner says the rise in energy bills from October will have a “massive knock-on effect” on her business. April appeared on GB News on Wednesday (27 August) after Ofgem confirmed a two per cent rise in bills, increasing the average annual bill from £1,720 to £1,755. She said her gas and electricity bills had already risen by 83 per cent in the past six years. “Most of the girls are self-employed… The problem is that I feel like I can'…
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