top of page

What you need to do before Sunday's energy price cap change

Why you should take a meter reading before Sunday amid energy price cap changes

Millions of people will be paying less for their gas and electric from this weekend.

A fall in Ofgem’s energy price cap takes effect comes into force than last winter.

The regulator announced in August the cap on a unit of gas and electricity would reduce the average bill from £2,074 to £1,923 for the three months from October 1 in England, Wales and Scotland.

However, this is still more than 50% higher than pre-crisis levels, and the government is yet to announce any financial support.

In numbers

  • Gas will fall from 7.5p per kilowatt hour (kWh) today to 6.9p

  • Electricity will fall from 30.1p per kWh to just under 27p

  • The price cap will be the lowest since March 2022

  • It is around 50% higher than the price cap two years ago

(Figures according to energy consultants Cornwall Insight).

The energy price cap change comes into effect on Sunday - 1 October.

The cost of energy for those on standard variable tariffs is going down - although most households will face similar, or in some cases more expensive, energy bills to last winter - because there is now no government support available.

Ahead of the change, comparison site Uswitch has shared some things you need to do before Sunday.

It suggests you employ a "check, track, change" approach.

Source: ITV

1 view0 comments


bottom of page