April’s energy price cap going up by more than expected

The energy price cap is set to rise more than expected, with millions of households on default tariffs facing steeper energy bills.

E.ON predicts the price cap will jump up by 6.3% to £1,847 – an increase of £109.

That's not the end of it; another hike is expected in July, pushing bills up by an extra £35.

Why the price increase?

Wholesale energy prices have reached a 15-month high.

High demand during the chilly winter months and global instability are driving costs up.

Previous predictions estimated the cap would rise by about 3% so the latest prediction will come as a blow for many.

What can you do?

Experts from Uswitch are urging people to switch as taking action can really pay off:

• Lock in a fixed-rate deal at or below the current price cap.
• Look into tariffs that track the price cap but promise to remain below it.

Why switch?

Elise Melville, an energy expert at Uswitch.com, says if you haven’t switched recently, you might already be overpaying.

The good news is that finding a better deal is quick and easy. It only takes a few minutes to compare your options on Uswitch.com.

Don’t struggle alone

If you're struggling with your energy bills, talk to your supplier about any help they can provide, like reduced payment plans or grants.

It might also be a good idea to get free debt advice. We can check you’re claiming all the benefits you’re entitled to, offer budgeting tips and talk you through the range of debt solutions available. 

All our advice is free and impartial. Some debt solutions are also free, for others there are fees.