The energy price cap is increasing - beat the price hike
The energy price cap is set to rise by £139. Switch energy supplier with MoneySuperMarket today and save up to £200 on your bills - beating the price hike.
Ofgem announced back in August that the energy price cap is set to rise on the 1st of October by £139. This means the cap will increase to £1,277 a year.
The price cap stops loyal customers from being charged extortionate traffic by large energy companies. In fact, since introduced in 2019, it’s estimated to have saved households on default tariffs an estimated £100 a year each, or over £2 billion in total on their energy bills.
As the cap is being increased once again, millions could see their energy bills rise even higher than before. Plus if you’ve been with your supplier for a while, it’s likely that you’re already overpaying for ...