Another review from Ofgem reveals a price drop in energy costs!
This means that suppliers are capped at how much they can charge per unit. This newest drop means that for a typical household the bill will fall by £122 a year to a total of £1568 a year which is the lowest it’s been in two years.
Ofgem conduct a review and release a new cap every three months, many predict that by the time of the next review, in October the price will rise further again, in time for more people to turn on the heating for the winter.
Predictions say that there will be a 10% increase to £1723.
What if I can’t pay my energy bill?
Unfortunately, there a many people who struggle to pay for their gas and electricity, in 2023, Citizens Advice charity found that 5.3m people in Great Britain were in debt to the energy supplier.
Now, the BBC report a collective debt of £5 billion to energy suppliers due to the high cost.
If you can’t pay your bills the supplier will make you set up a payment plan with them.
After this, and if you still can’t pay they can force you to have a prepayment meter installed, will charge you late fees and after 28 days of no payment you can be disconnected until you pay the bill.
Being late to pay or not paying at all can damage your credit rating.
If you are of state pension age, live with only those of state pension age or under 18s then the supplier cannot disconnect you from October until the end of March.
There are many ways to decrease your energy usage if you are struggling.
