Millions of UK households are being urged to take action before April 1, as the energy price cap is set to rise by 6%, increasing typical bills by £111 per year. According to Birmingham Live, those who use more energy could see their costs increase by £200 or more, making it crucial for consumers to consider fixing their tariffs now.
Why Are Energy Bills Increasing?
The energy price cap, which Ofgem reviews every three months, is rising due to higher wholesale energy costs between November and February. As a result, major suppliers including British Gas, EDF, Octopus, and OVO are expected to adjust their variable tariff rates accordingly.
A spokesperson for energy experts at Grant Store warned:
“With Ofgem confirming that the energy price cap is set to rise by 6% from April 1, British households are facing yet another financial hit. This increase could add an extra £200 per year to energy bills for millions of consumers, making it crucial to take action now to avoid unnecessary overpayments.”
How Can Customers Avoid the Hike?
Consumers are being advised to compare fixed-rate energy tariffs as soon as possible, as some deals currently available may no longer be offered in the coming weeks. Locking in a fixed tariff now could provide:
- Lower energy costs than the new price cap
- Protection against further price increases later in the year
- Greater stability in household budgeting
The spokesperson added:
“The price cap is reviewed every three months, with the April 1 rise based on wholesale rates from mid-November to mid-February. While future predictions always carry some uncertainty, current indicators suggest the cap is unlikely to drop significantly for the rest of the year.”
What Should Customers Do Next?
Households looking to avoid higher bills should act quickly by:
- Using an Ofgem-accredited comparison tool to find the best fixed-rate tariffs.
- Checking additional factors such as customer service ratings, smart meter compatibility, and government scheme eligibility before switching.
- Acting fast, as deals available today may not be around for long.
With no major price drops expected soon, locking in a competitive energy deal now could be the best way for consumers to shield themselves from rising costs.
