Energy price cap to increase in October

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Posted on19 Oct 2021

As has been widely reported in the news recently, many households are facing higher gas and electricity bills this winter. This is because of a 12% increase to the cap on the price of energy that suppliers can charge:

  • Those on standard tariffs could see an average increase of £139 each year
  • People with prepayment meters could see an average increase of £153 each year

The energy price cap increase is being introduced at a time when households need more heating and lighting, during colder days and longer nights. It also coincides with the £20 per week reduction in Universal Credit.

If you feel that you or someone you know may struggle with energy bills in the future, there are some things you can do to help reduce costs:

  1. Do an online energy supplier comparison, to see if you can save money by switching provider(s)
  2. Check out the Simple Energy Advice website for information on potential ways of saving energy such as draught-proofing and upgrading your boiler
  3. Apply for a Home Energy Grant. These are payments to help pay for energy saving measures such as double glazing and insulation
  4. See if you’re eligible for the Warm Home Discount. This is an annual payment of £140 towards electricity costs for people on a low income
  5. Apply for the Winter Fuel Payment. This is an annual payment between £100 and £300 towards winter heating costs for people born on or before 26 September 1955
  6. Make sure you receive Cold Weather Payments if you’re eligible. These are one-off payments towards extra heating costs when the weather is very cold. Payments will be made automatically each time the temperature drops below a specific temperature for a set period of time. It is not necessary to apply for Cold Weather Payments but to be eligible, you need to be in receipt of certain benefits

More information is available from Simply Energy Advice. Or for personalised help and support if you’re struggling with energy bills, contact our Money and Benefits Advice team on 0800 5870211 or at [email protected]