27/02/2025
Energy regulator, Ofgem, has announced that the energy price cap will be increasing resulting in rising energy bills for households 📈
But, what does this mean for you?
A typical household will see an increase of £9.52* per month taking the annual energy bill to £1,849 per year. Ofgem states that wholesale prices are responsible for 78% of this increase as well as inflation.
If you are concerned about paying your energy bill, the advice is to speak to your energy provider, however if you are on a fixed tariff, you won't be affected by the change in price.
If you are looking for ways to save money, and minimise your energy usage, we often share energy saving tips across our social media accounts. Alternatively, investing in eco-friendly energy resources where you can, such as an air source heat pump or solar panels can also save you money in the long run.
*The increase is calculated as an average across England, Scotland and Wales and based on typical use for those who pay for their energy bills via a Direct Debit.
