MILLIONS of households could be hit with energy bill hikes in April next year as the government discusses raising the price cap. Energy bills are currently frozen at £2,500 for the typical hou…
Millions of Brits could be hit with higherWhat is the energy price cap?
The price cap on energy bills was introduced in January 2019 as a way to ensure that households that are not bills-savvy are not ripped off by their energy suppliers.Some customers think that the price cap is theBut that is not the case. This is simply a representation of the average household's bill, notIt sees the government limit the price suppliers can charge customers for units of gas and electricity.
That means bill can still be higher or lower, depending on how much energy you use and the size of your home. An increasing number of energy users are on the price cap as there are limited fixed deals left out there on the market.What help is already available?From October 1, all UK households began receiving theHouseholds will receive a £66 energy bill discount between this month and November and a discount worth £67 in December, January, February and March.
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