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UK homes are facing a winter of higher fuel bills after a sharp rise in the wholesale market price for both gas and electricity. 11 million UK households on standard tariffs could see their bills increase by £139, while the average bill for those using prepayment meters could rise by around £1531.
In August, industry regulator Ofgem announced it would raise the maximum price cap on standard energy deals for the coming winter by more than 12% to reflect the upward surge in gas and electricity prices2.
Global prices for fossil fuels, especially gas, are increasing at an unprecedented rate: the wholesale electricity and gas prices that Ofgem tracks have risen by over 50% this year. Ofgem explained that this huge increase has to be reflected in the price cap, which will have an effect on our bills at home3.
It’s estimated that half the UK population who are covered by the price cap will be hit by higher home energy bills4.
It’s a good idea to look into switching your supplier and possibly changing your home energy tariff. For useful information on comparing what’s available to you, see Uswitch.
It’s also the ideal time to book an expert home energy survey with us. With our help you can find out where to start saving on your heating. You’ll discover how our recommended home insulation can instantly cut the cost of your energy bills while keeping you warmer.
If you qualify, we can install your insulation for free* through ECO, a government-backed grant scheme to help improve home energy efficiency. Find out more about insulation grants and how we can help.
Don’t miss out – book your home energy survey today, and protect yourself from high bills and wintry weather.
Drop us a line or call our friendly customer services team on 0800 526 023.
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