Archive
Published 5 months ago

One week left to BEAT the energy price cap rise – here’s how

One week left to BEAT the energy price cap rise – here’s how

Energy bills will rise for millions of households from next week, but there’s still time to beat the rise.

The energy price cap, which is set by Ofgem (the UK’s energy regulator) is going up by 2% to £1,755 from 1 October 2025 to 31 December 2025.

That’s a £35 increase from the July price cap of £1,720.

The energy price cap sets the maximum amount that suppliers can charge households for each unit of gas and electricity they use.

However, it doesn’t limit the size of your actual bill. The amount you pay will be determined by the amount of energy you use.

Ofgem sets the cap every three months and it applies to millions of households in England, Scotland and Wales.

How to beat the energy price cap rise

There’s still time to get ahead of the energy bills hike using the following steps:

Submit a meter reading: this is especially important if you’re on a standard tariff and don’t have a smart meter. Submit yours to your supplier before October 1 to avoid having your September usage charged at a higher rate.

  1. Switch to a fixed tariff: if you’re on a standard variable tariff or your fixed-rate tariff is due to end before October 1, switching to a fixed-rate tariff could help you cut the cost of your energy.
  2. Compare deals: price comparison websites are a great place to start. You can compare lots of energy deals quickly and find the best value for your home. Remember to look out for exit fees which could make your tariff more expensive if you want to switch again before your deal ends.
  3. Improve your energy efficiency: try to reduce energy waste by switching off lights, appliances and technology when they’re not in use. Taking steps to insulate your home can also help reduce your energy costs.
  4. Apply for support: check if you’re eligible for support from your energy supplier or the government to help you afford the cost of heating and powering your home.
  5. Create a budget: making a budget can help you identify other areas in your life to try and make a saving. If you’re new to budgeting or looking to revamp an existing plan, a budgeting app can help you automate the process and get started on cutting costs.

Worried about your energy bills?

Around one million households across the UK are behind on their energy bills, according to new research from the Resolution Foundation.
So if you’re worried that you won’t be able to pay your energy bills, you’re certainly not alone.

It’s essential to act quickly to get the financial support you need. The first step is to contact your energy supplier as soon as possible to arrange a payment plan that you can afford. If you’re on a prepayment meter, you can request emergency credit if you’re unable to top up.

If you’ve already fallen into debt, get in touch with organisations such as StepChange or Citizens Advice to access free debt management support.

“I want a guaranteed, fixed rate of interest”

Not sure what kind of investor you are?

compare-icon
Platform's selected