Jump to contentAllNewsSportCultureLifestyleEnergy regulator Ofgem is raising the price cap by 4 per cent from 1 October, increasing average annual bills by £60 to £1,723. The increase brings bills to their highest level since July 2023, driven by Middle East conflict affecting wholesale prices and European heatwaves. Money Saving Expert founder Martin Lewis has stated the price rise is voluntary because it only applies to households on standard variable tariffs. Approximately 11 million households currently on fixed energy deals will be unaffected by the upcoming price cap rise. Lewis advised consumers to switch to cheaper fixed tariffs, highlighting that some current deals offer savings of up to 8 per cent below the current cap. In fullMartin Lewis explains how to avoid Ofgem energy price riseMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Take action now to avoid energy bill price rise, urges Martin Lewis
Jump to contentAllNewsSportCultureLifestyleEnergy regulator Ofgem is raising the price cap by 4 per cent from 1 October, increasing average annual bills by £60 to £1,723. The increase brings bills to their highest level since July 2023, driven by Middle East conflict affecting wholesale prices and European heatwaves. Money Saving Expert founder Martin Lewis has stated the price rise is voluntary because it only applies to households on standard variable tariffs. Approximately 11 million households currently on fixed energy deals will be unaffected by the upcoming price cap rise. Lewis advised consumers to switch to cheaper fixed tariffs, highlighting that some current deals offer savings of up to 8 per cent below the current cap. In fullMartin Lewis explains how to avoid Ofgem energy price riseMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
