Energy Bills on the Rise: What You Can Do
BBC News explores ways to tackle soaring energy costs, offering practical advice for households facing increasing heating bills.
Energy Prices Up by Nearly 4%
Regulator Ofgem's price cap, affecting around 20 million homes in England, Scotland, and Wales, has increased by nearly 4%. Forecasts suggest a significant jump of up to 16% is possible in January due to the conflict in the Middle East driving wholesale prices. While consumers cannot influence these global factors, charities urge the government to provide more support beyond the recent VAT cut on electricity bills.
Practical Steps for Households:
-
Consider Switching to a Fixed Rate:
- Ofgem recommends evaluating fixed-rate deals, offering stability in unit prices but potential disadvantages if gas and electricity prices drop.
- Consumer group Which? advises careful consideration of exit fees when choosing a fixed rate plan.
-
Pay by Direct Debit:
- Paying by direct debit can reduce costs compared to estimated billing methods.
- Regular meter readings or smart meters are beneficial for accurate billing.
-
Check Financial Support Options:
- Individuals on means-tested benefits will receive £150 off their energy bills this winter.
- Explore various pricing schemes and support programs tailored to low-income households.
Additional Tips:
- Keep yourself warm by layering clothes, using blankets, and enjoying hot drinks.
- Read your meter regularly to track usage patterns.
- Adjust household habits: reduce washing machine temperatures, use energy-efficient appliances.