22/11/2024 Ofgem has announced that the energy price cap from 1 January to 31 March 2025 will be £1,738 per year, a rise of £21 per year from the current cap. The change to the price cap – which sets a maximum rate per unit and standing charge that can be billed to custom...
Energy Price Cap Details for January 2025 Ofgem has announced that the next energy price cap will rise to £1,738 for the period from 1st January to 31st March 2025. This adjustment reflects a moderate increase as a response to the changing energy market dynamics. This is detailed further ...
As of 1 October 2024, the energy price cap is £1,717 a year for a “typical household”. This will stay in place until 31 December. But Ofgem has just announced that the price cap will be increasing slightly in the new year: a rise of 1.2% to £1,738 per year. This slightly...
Energy bills will rise by 1.2% on 1 January 2025 Energy price cap rates from 1 October to 31 December 2024Energy price cap rates from 1 January to 31 March 2025 GasUnit rate: 6.24p per kWh. Standing charge: 31.66p per dayUnit rate: 6.34p per kWh. Standing charge: 31.65p per day ...
More on Energy Price Cap Energy price cap now expected to rise in April as bills increase again in January Energy price cap rises again - with cost of bills expected to stay high for months Energy bills to rise again from January but spring falls to come, research firm Cornwal...
In October 2022, when Ofgem's price cap level was forecast to rise to £4,279 in January 2023, the Energy Price Guarantee was introduced to protect customers from unprecedented energy bills. It was designed to act as a "safety" price cap operating at a level of £2,500 per year (...
Energy price cap rise 'worrying' for families "The truth is that the mess that was left to us in the public finances is what necessitated that decision around winter fuel payment and us focusing it on those who need it the very most. ...
22 November 2024 Radio 4 World at One | Price cap rise Following the announcement of the January price cap by Ofgem, our Principal Consultant, Kate Mulvany, joined Radio 4's World at One to discuss why energy prices remain significantly higher than historical norms. ...
OVO’s prices on standard variable tariffs have increased once in 2025 in line with Ofgem's energy price cap, which increased from £1,717 to £1,738. Can I do anything about OVO price rises? If you’re on a standard variable tariff, your prices will rise and fall with the price...
2. The price cap is due to rise again by 1.2% on 1 January The energy price cap changes every three months and went up 10% for the period beginning 1 October 2024.It is set to increase again on 1 January 2025, taking a typical household bill to £1,738 a year . ...