Energy bills to go up after third straight price cap rise - here’s what you need to know
Trending News
1 month ago

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

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ofgem have announced the new energy price cap which starts from April - and which has risen by six per cent, marking a third straight increase. On 1 January the price cap rose around one per cent to £1,738 a year, with each announcement setting the price for the forthcoming three months. EDF Energy have predicted that the price cap could rise again in July and October by smaller amounts, between one and three per cent, before stabilising by January 2026. “Short-term measures, from social tariffs to one-off payments, will be crucial to ensure that the most vulnerable are protected and that the burden of rising costs does not fall disproportionately on those least able to afford it.” It is important to note that the price cap relates to the maximum that companies can charge for units of energy, not the limit that you can pay for your bill - if you use more energy, you’ll pay higher bills.

History of this topic

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