The industry regulator Ofgem has announced a 12% increase to the maximum energy cap on any default energy rates from the 1st of October. This means that anyone not on a fixed rate with their energy provider could find themselves with an energy bill increase, and in some cases an increase of £139 per year.
| If you are on a fixed rate deal (one with a set contract length), then you won’t be affected by the price cap changes. |
The price cap applies to certain types of energy deals: Standard tariffs, Variable tariffs, Default tariffs, Out-of-contract tariffs, are all names for the same thing. If you haven’t switched energy supplier or tariff in a while or took no action when your last fixed deal ended, you will be in line for a price rise.
You can avoid the incoming price hike by switching to a fixed tariff contract. Fixed deals guarantee the same prices (per unit of energy) throughout your contract. They’re typically 12 or 24 months long. Using switching services to compare gas and electricity prices, can help you find the cheapest deal and best service for you, but be aware of cheap variable deals, because the price can change with 30 days’ notice. You can ask a family member, trusted friend, or reliable service to help you switch.
| You don’t have to change supplier to avoid the price rise. Find out about your current supplier’s cheapest fix rate deal by phoning them, looking on their website, or using an energy comparison website. |
Other ways to save include:
- Switch to paperless bills and manage your account online (firms charge extra for paper bills)
- Pay by direct debit. You can be charged more for paying with a cheque or in cash
- Send regular meter readings to make sure your bills are accurate
- Replace light bulbs with energy-saving ones when they blow
| Age Connects NWC provides a personal service to help you sort out your utilities, swap tariffs, or change providers.
To request an appointment call 0300 2345 007 |
Remember you can talk to your energy supplier if you can’t pay your bills. They must treat you in a fair manner and agree a payment plan that you can afford. Ask for a payment break, payment reduction, or more time to pay.
