Energy price cap: Typical energy bill set to rise by £800 a year in October

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  • calcotti
    calcotti Online Community Member Posts: 10,005 Championing
    Whether someone is able to access Household Support monies will depend on how their local authority is choosing to allocate it. It appears that some authorities will have money available for people to apply for but others are distributing money as additional support to those who already receive other support. The latter approach will, I expect, involve lower administrative costs and therefore result in more money going to those in need.
  • SelmaRoxy
    SelmaRoxy Online Community Member Posts: 1 Listener

    Electricity prices in the UK are set to rise by around £800 a year for the average household from October. The increase is due to the electricity price cap, which is being raised to compensation for higher wholesale energy prices. This means that households on standard variable tariffs will see their energy bills increase.

    To counterbalance this, it's important to compare business electricity rates and switch to a cheaper deal if possible. There many websites that allow you to do this easily, such as this one I found online that helped me compare business electricity rates. Electricity prices may be rising, but there's no need to overpay – so make sure you compare deals and switch to a cheaper tariff if you can.

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