Energy Price Cap Set to Rise: Customers Urged to Act Now
BBC expert tells Octopus, British Gas, E.ON, OVO, EDF customers 'take action today before it ends'

Image: Mirror
Customers of energy providers like Octopus Energy and British Gas are advised to switch to fixed-rate tariffs before a 13% price cap increase on July 1. The average household will see an energy cost rise of £221 annually, totaling £1,862, driven by ongoing geopolitical tensions.
- 01Ofgem's price cap will increase by 13% starting July 1, leading to an average monthly rise of £18 for households.
- 0265% of households are currently on standard variable tariffs, with options to switch to fixed tariffs slightly below the new cap.
- 03Energy Secretary Ed Miliband emphasized the need for clean energy solutions to mitigate future price spikes.
- 0440% of energy accounts are on fixed tariffs and will not be affected by the upcoming price rise.
- 05Customers are encouraged to explore time-of-use tariffs to save on energy costs during off-peak hours.
Advertisement
In-Article Ad
A significant increase in energy costs is on the horizon as Ofgem announces a 13% rise in the price cap effective July 1. This change translates to an average increase of £18 per month for households, raising annual energy bills to £1,862, an increase of £221. Holly Mead, a BBC expert, urges customers of major energy providers like Octopus Energy, British Gas, and E.ON Next to take action now by switching to fixed-rate tariffs available below the new cap. Currently, 65% of households are on standard variable tariffs, which will be affected by the price increase. Mead warns that fixed-rate deals may soon become less favorable as providers adjust to the new rates. Energy Secretary Ed Miliband highlighted the importance of transitioning to cleaner energy sources to prevent future spikes in energy costs. Additionally, customers can benefit from time-of-use tariffs, which offer lower rates during specific hours, making it essential for users to assess their energy consumption patterns.
Advertisement
In-Article Ad
The price cap increase will directly affect household energy expenses, leading to higher monthly bills.
Advertisement
In-Article Ad
Reader Poll
Are you considering switching your energy provider due to the price cap increase?
Connecting to poll...
More about Ofgem
Read the original article
Visit the source for the complete story.






