Ofgem Cap Rises: Why Your Bills Have Gone Up (Again), And How To Save Money

Summary

If your energy bills are looking startling right now, you’re certainly not alone. Back in October, energy regulator Ofgem increased the energy price cap – which limits the maximum rates energy suppliers can charge for those on default tariffs – by almost 4%. For a typical household on such tariffs, paying £1,663 a year for gas and electricity, this means an annual bill increase of around £60 (or an extra fiver a month) providing your usage stays at the same levels. The issue is, usage goes up in winter – and with a cold snap predicted , plenty of households are set to feel the squeeze, as the…

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