People should consider energy bill fix, regulator says

finance
Created 2/25/2025
Updated 2/25/2025

Ofgem is raising the energy price cap by 6.4% in April, increasing typical household bills by £111 a year. The regulator advises consumers to consider fixed-rate tariffs for price stability, though analysts predict a potential drop in July. Standing charges for gas will rise, while electricity charges will decrease slightly. Debt concerns grow, with £4bn owed to suppliers, and charities warn that many households are struggling. The government plans to expand the Warm Home Discount scheme to help vulnerable consumers. Experts recommend energy-saving habits to manage rising costs.

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