Published On: Thu, Mar 28th, 2019

Energy bills go up NEXT WEEK: Millions of families will see prices RISE by up to £147 | Personal Finance | Finance

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The nation’s energy bills are set to soar on 1 April when the Ofgem price cap comes into effect, notching up the stopper on standard variable tariffs (SVTs) to an average of £1,254 per year. Since the regulator announced the change, a staggering 36 suppliers upped their prices by over 10 percent on average – including the Big Six firms. The change will see 15 million customers paying an extra £100 on their energy bills. This means across the UK, it is estimated the increases will make energy bills a staggering £1.67billion more expensive nationwide.

The worst affected households will be those in northern Scotland, Merseyside and South Wales, with some facing an additional £147 on their energy bills, according to

Those living in the Scottish Hydro area face paying an astonishing 7.3 percent of their total income for gas an electricity – a whopping £1,712 per year on average, the research showed.

While households in South Wales could splash as much as 6.8 percent of their total income on keeping their home warm, and energy consumers in Merseyside face spending 6.5 percent of their total income.

Firms who have increased their prices to the maximum allowed under the Ofgem price cap have blamed market conditions and green taxes for the decision to put bills up, according to renewable energy supplier Pure Planet.

Rik Smith, energy expert at, advised customers to compare the best deals online to make sure customers are on the cheapest account for their needs.

He said: “These price rises will add more pressure to household budgets across the country, but unfortunately the people that will feel it most are the families who are already struggling to make ends meet.

“This may seem like a cruel April fools joke, but it’s no laughing matter.

“The stark reality is that the very cap that was supposed to protect customers on poor value standard tariffs is now responsible for some of the harshest price increases in recent memory.

“Consumers have just days left before their energy bills will skyrocket.”

A spokesperson from Ofgem said: “The price cap ensures that consumers remain protected from being overcharged for their energy and that any increases in the level are only due to actual rises in energy costs, rather than excess charges from supplier profiteering.

“The cap has significantly reduced consumers’ bills.

“Our analysis suggests that on average consumers are paying around £75-100 per year less than they would be if the cap was not in place.”

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