Today marks a slight increase in energy bills as the new Ofgem price cap takes effect.
Households paying via direct debit will experience a rise in their annual energy bill from £1,755 to £1,758 per year. The price cap sets limits on unit rates for gas and electricity, as well as standing charges.
The price cap does not establish a total cap on energy payments, as the final bill depends on actual energy usage. Individuals not on a fixed energy tariff fall under the price cap.
For those using pre-payment meters, the price cap rises from £1,707 to £1,711 annually, while those paying upon bill receipt will see an increase from £1,890 to £1,894 per year.
The price cap undergoes updates every three months, with the next revision scheduled for April 2026.
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The current price cap is 2% or £37 lower compared to the same period last year; however, households are still paying significantly more for energy. Which?, a consumer advocate, recommends considering a switch to a fixed tariff to <a aria-label="" class="TextLink_text-link__