What does Ofgem’s price cap mean for my energy bills?
9 months, 3 weeks ago

What does Ofgem’s price cap mean for my energy bills?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The typical household energy bill will fall by £122 a year from July, but will still remain well above pre-pandemic levels – What is Ofgem’s price cap? The latest cap will see prices fall to their lowest level since Russia’s invasion of Ukraine in February 2022, which caused a further spike in an already turbulent wholesale energy market, driving up costs for suppliers and ultimately customers. Market volatility led to the cap reaching a staggering £4,279 in January last year, although customers were partly shielded from this by the Government’s Energy Price Guarantee, which limited the average bill to £2,500. Unfortunately, Cornwall Insight – whose forecasts have consistently been near identical to Ofgem’s actual price rises and falls – says it does not expect energy prices to return to pre-Covid levels before the end of the decade at the earliest.

Energy Pay Prices Price Sign Cap Customers Energy Bills Ofgem Direct Debit  pay  wholesale  ofgems  does  energy  sign  bills  prices  prepayment  mean  return  price  customers  cap

History of this topic

How to save money on your power bills as energy price cap rises again
3 weeks, 3 days ago

How to save money on your power bills as energy price cap rises again

The Independent  

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As the energy price cap rises again, we reveal the steps that you can take to protect yourself - and save a fortune
3 weeks, 4 days ago

As the energy price cap rises again, we reveal the steps that you can take to protect yourself - and save a fortune

Daily Mail  

Brace yourself – energy bills are set to rise once again. Most households are on a variable rate tariff, which means that the cost of their energy rises and falls in line with Ofgem’s energy price cap. So when the price cap rises in April, so will their bills The cap is set every three months and is determined by …

Energy bill support will be ‘eaten up’ by price cap increase, Tories claim
Trending News
3 weeks, 4 days ago

Energy bill support will be ‘eaten up’ by price cap increase, Tories claim

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Government support to help with …

Martin Lewis weighs in on ‘weird’ energy price cap – and says households should act now
Trending News
3 weeks, 4 days ago

Martin Lewis weighs in on ‘weird’ energy price cap – and says households should act now

The Independent  

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Best fixed energy deals to beat the rising April 2025 Ofgem price cap
3 weeks, 4 days ago

Best fixed energy deals to beat the rising April 2025 Ofgem price cap

Daily Mail  

Households face higher energy bills after Ofgem revealed a bigger than expected jump in the price cap. The price cap is a limit, set by Ofgem, which caps the maximum amount an energy firm can charge for the units of gas and electricity households use. Below, it reveals the cheapest deals available as of 7.30am on 25 February 2025 that …

Energy bills to go up after third straight price cap rise - here’s what you need to know
Trending News
3 weeks, 4 days ago

Energy bills to go up after third straight price cap rise - here’s what you need to know

The Independent  

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Will Ofgem's 'no standing charges' energy deals REALLY cut bills?
1 month ago

Will Ofgem's 'no standing charges' energy deals REALLY cut bills?

Daily Mail  

Energy suppliers will have to offer tariffs with low or no standing charges under new proposals published by Ofgem. Low or no charges: Ofgem will consult on cutting standing charges but it could see overall prices rise Ofgem has today announced a consultation on how low or no standing charge tariffs would work. A new EDF tariff tracks standard variable …

Ofgem energy price cap to rise to highest level since January 2024, forecast claims
1 month ago

Ofgem energy price cap to rise to highest level since January 2024, forecast claims

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average cost of energy bills is set to rise …

Energy price cap set to rise in April, according to forecast
1 month ago

Energy price cap set to rise in April, according to forecast

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Craig Lowrey, principal consultant at Cornwall Insight, said: “Households have been hit hard over …

Ofgem issued ‘urgent’ warning by Ed Miliband as energy bills set to rise again
1 month ago

Ofgem issued ‘urgent’ warning by Ed Miliband as energy bills set to rise again

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ed Miliband has urged energy watchdog Ofgem to crack down on …

What’s the UK Energy Price Cap and Why Is It Rising?
2 months, 2 weeks ago

What’s the UK Energy Price Cap and Why Is It Rising?

Bloomberg  

The cost of energy is rising for UK households, with regulator Ofgem increasing the limit on how much it allows suppliers to charge. High energy prices were a big talking point during the 2024 UK election campaign. Introduced in January 2019 by Ofgem during Theresa May ’s administration, the price cap was designed to save money for consumers by setting …

Ofgem energy price cap sees bills rise for millions – what you need to know
Trending News
2 months, 2 weeks ago

Ofgem energy price cap sees bills rise for millions – what you need to know

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The energy price cap increase from 1 January means millions …

Households urged to submit energy readings amid forecast of further rises ahead
2 months, 3 weeks ago

Households urged to submit energy readings amid forecast of further rises ahead

The Independent  

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Nine million households urged to act now to avoid overpaying on energy bills
3 months ago

Nine million households urged to act now to avoid overpaying on energy bills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The comparison service has urged bill payers to submit their smart meter reading in …

Energy firms must offer ‘zero standing charge’ tariffs next year under Ofgem plans
3 months, 1 week ago

Energy firms must offer ‘zero standing charge’ tariffs next year under Ofgem plans

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy firms will be required to offer household tariffs free …

Ofgem increases price cap as winter fuel payments are withdrawn for millions
4 months ago

Ofgem increases price cap as winter fuel payments are withdrawn for millions

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The energy price cap will increase in January for a …

Martin Lewis gives energy bill advice as price cap rises again
4 months ago

Martin Lewis gives energy bill advice as price cap rises again

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Money expert Martin Lewis has weighed in with crucial advice …

How can I lower my energy bills and what help is there for me?
4 months ago

How can I lower my energy bills and what help is there for me?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here, the PA news agency looks at why the …

Ofgem energy price cap increases – what you need to know as Martin Lewis weighs in
5 months, 3 weeks ago

Ofgem energy price cap increases – what you need to know as Martin Lewis weighs in

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Ofgem’s energy price …

Energy price cap predicted to fall in January in glimmer of hope for households
5 months, 3 weeks ago

Energy price cap predicted to fall in January in glimmer of hope for households

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Energy consultancy Cornwall Insight said it expects the typical …

Millions of households told to take action by end of the day before energy price hike
5 months, 3 weeks ago

Millions of households told to take action by end of the day before energy price hike

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average household energy bill is to increase by £149 …

How can I lower my energy bills and what help is there for me?
5 months, 3 weeks ago

How can I lower my energy bills and what help is there for me?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here, the PA news agency looks at why the …

How can I lower my energy bills and what help is there for me?
6 months, 3 weeks ago

How can I lower my energy bills and what help is there for me?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. I’d encourage people to shop around and consider fixing if …

Energy bills to increase by almost £150 after Ofgem raises price cap by 10 per cent
6 months, 3 weeks ago

Energy bills to increase by almost £150 after Ofgem raises price cap by 10 per cent

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Customers on standard variable tariffs will pay 6.24p per kWh …

Ofgem price cap rise brings renewed calls for winter fuel payment U-turn
6 months, 3 weeks ago

Ofgem price cap rise brings renewed calls for winter fuel payment U-turn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. She told BBC Radio 4’s Today: “We know that …

Keir Starmer and Rachel Reeves face furious demand to reverse 'reckless' winter fuel payment cut for pensioners in the wake of 10% energy price cap rise with a Labour MP pleading for a U-turn to 'prot
6 months, 3 weeks ago

Keir Starmer and Rachel Reeves face furious demand to reverse 'reckless' winter fuel payment cut for pensioners in the wake of 10% energy price cap rise with a Labour MP pleading for a U-turn to 'prot

Daily Mail  

Keir Starmer and Rachel Reeves are facing fresh pressure over the decision to alter the winter fuel payment for pensioners as a Labour MP warned it could leave vulnerable old people in hospital. But following Ofgem's announcement on Friday that the energy price cap would rise by 10 per cent from October, there were calls for a U-turn. Labour backbencher …

Households urged to fix energy bills ahead of price cap rise
7 months ago

Households urged to fix energy bills ahead of price cap rise

The Telegraph  

Households have been urged to consider fixing their energy bills after Ofgem said the price cap will rise by £149 this winter. The energy regulator said it will raise the price cap to £1,717 per year for an average household from October, up from £1,568 currently. “I’d also encourage people to shop around and consider fixing if there is a …

Average household energy bill to jump in coming months, experts warns
7 months ago

Average household energy bill to jump in coming months, experts warns

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average household energy bill is set to rise by …

Martin Lewis says people should act now to save money on energy bills
7 months, 3 weeks ago

Martin Lewis says people should act now to save money on energy bills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Money guru Martin Lewis has issued a warning to all …

Ofgem reveals price cap falls as Britons to pay less for energy bills from July
9 months, 3 weeks ago

Ofgem reveals price cap falls as Britons to pay less for energy bills from July

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ofgem’s energy price cap will fall by 7 per cent …

Average household energy bill set to fall by 7% in July, say experts
10 months ago

Average household energy bill set to fall by 7% in July, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average household energy bill …

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing
10 months ago

Relief for Brits as energy price cap is set to fall by 7% in July cutting annual bill for typical household to £1,574... as Jeremy Hunt says UK has 'turned a corner' with mortgage rates easing

Daily Mail  

Brits are set for much-needed relief with energy bills projected to fall by another 7 per cent in July. Dr Craig Lowrey, Principal Consultant at Cornwall Insight, said: 'Our projections suggest that from July, the average annual bill will fall by around £500 compared to last summer, offering further relief given the quarter-on-quarter drop seen in April. 'While the cap …

Average household energy costs fall to lowest point in two years
11 months, 2 weeks ago

Average household energy costs fall to lowest point in two years

The Independent  

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Ofgem energy price cap: Everything you need to know as bills fall
11 months, 3 weeks ago

Ofgem energy price cap: Everything you need to know as bills fall

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ofgem has announced the latest price cap today as households …

Ofgem to consider ‘time-of-use’ price cap for households
11 months, 3 weeks ago

Ofgem to consider ‘time-of-use’ price cap for households

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ofgem said the price cap, along with the temporary …

Energy price cap 2024: Households see bills fall as Ofgem drops energy price gap
1 year ago

Energy price cap 2024: Households see bills fall as Ofgem drops energy price gap

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Households will see …

Ofgem price cap: Martin Lewis reveals five things you need to know for your bills
1 year ago

Ofgem price cap: Martin Lewis reveals five things you need to know for your bills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “So it’s an improvement, and predictions are it’ll drop again in July, though overall …

What does Ofgem’s price cap mean for my energy bills?
1 year ago

What does Ofgem’s price cap mean for my energy bills?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The fall reflects drops in wholesale energy prices – …

Martin Lewis reveals 'no-brainer' ways for UK customers to beat Ofgem price cap and slash energy bills
1 year, 1 month ago

Martin Lewis reveals 'no-brainer' ways for UK customers to beat Ofgem price cap and slash energy bills

Daily Mail  

Martin Lewis has revealed 'no-brainer' ways for UK customers to beat the Ofgem price cap and slash energy bills. But expert energy analysts at Cornwall Insight believe the price cap will fall by 15 per cent, or £293, to £1,635 a year from 1 April. Martin Lewis has revealed 'no-brainer' ways for UK customers to beat the Ofgem price cap …

Energy bill price hike takes effect as record numbers struggle with debt
1 year, 2 months ago

Energy bill price hike takes effect as record numbers struggle with debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Without additional support, it will be anything but a …

How much will YOUR energy bill go up TODAY? Use our calculator to find out how the 5% Ofgem price cap rise will affect your gas and electricity costs
1 year, 2 months ago

How much will YOUR energy bill go up TODAY? Use our calculator to find out how the 5% Ofgem price cap rise will affect your gas and electricity costs

Daily Mail  

A new online calculator has revealed how much your gas and electricity bills will go up from today after Ofgem increased its price cap amid rising wholesale prices. Energy price per unit 1 October to 31 December 2023 Electricity 27.35 pence per kWh 53.37 pence daily standing charge Gas 6.89 pence per kWh 29.62 pence daily standing charge 1 January …

Households issued urgent 24-hour warning as energy bills to rise by £94
1 year, 2 months ago

Households issued urgent 24-hour warning as energy bills to rise by £94

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. This means the UK government needs to take much more action to help people …

Household energy bills to rise 5% from January 1 amid record consumer debt
1 year, 2 months ago

Household energy bills to rise 5% from January 1 amid record consumer debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A £94 increase to the …

Will my energy bills be higher this winter? Why some households face paying MORE despite price cap falling
1 year, 5 months ago

Will my energy bills be higher this winter? Why some households face paying MORE despite price cap falling

Daily Mail  

Some households will be paying more for their energy than last year With inflation, food prices and the Ofgem price cap all falling in recent weeks, there's reason to believe there is light at the end of the cost-of-living crisis tunnel. Some households will face higher bills this winter despite a fall in Ofgem's price cap But a closer look …

Lower energy price cap takes effect amid concerns households will pay more
1 year, 5 months ago

Lower energy price cap takes effect amid concerns households will pay more

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A fall in Ofgem’s energy …

Ofgem chief warns Brits face 'reality' of energy bills being as high or 'worse' this winter than last year
1 year, 6 months ago

Ofgem chief warns Brits face 'reality' of energy bills being as high or 'worse' this winter than last year

Daily Mail  

Brits were warned today that they face the 'reality' of energy bills being as high or 'worse' this winter than last year. Ofgem chief executive Jonathan Brearley delivered the stark message as he insisted the industry is 'fully focused' on protecting households A graph shows the costs included in the Ofgem price cap and how it has changed since 2019 …

Energy price cap could rise back above £2,000 early next year
1 year, 6 months ago

Energy price cap could rise back above £2,000 early next year

Daily Mail  

The warning comes as Chancellor Jeremy Hunt warned that inflation was rising This is an eight percent rise on current tariff levels Annual energy bills could climb back above £2,000 next year – in a blow to millions of families facing another costly winter. The price cap set by regulator Ofgem from January 1 will take the typical gas and …

What is the energy price cap and how will a rise affect your bills?
1 year, 6 months ago

What is the energy price cap and how will a rise affect your bills?

Daily Mail  

Changes to the Ofgem energy price cap affect the gas and electricity bills paid by millions of homeowners. The price cap is a limit, set by Ofgem, which caps the maximum amount an energy firm can charge for the units of gas and electricity consumers use. From 1 January, the average household on a variable-rate tariff paying by direct debit …

Energy bills expected to fall £150 a year from October
1 year, 7 months ago

Energy bills expected to fall £150 a year from October

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The amount that an average …

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