According to experts, energy bills are set to climb again in October to an average of £2,800 a year.
The price cap is the maximum energy a company can charge for gas and electricity.
Currently the price range is reviewed twice a year in April and October. It is usually announced two months in advance of what the cap will be.
That is, from October 1, the prices will change again.
Currently, industry analysts and Offgame predict that bills will increase from £1,971 per year to an average of £2,800 per year.
The amount you pay varies depending on the energy you use.
Ofgem is considering changing the price range so that it is reviewed every three months – but those new rules won’t come out until October, so the next review will go as planned.
Some experts have warned that reviewing prices four times a year instead of twice a year will lead to bills going up more frequently.
But the energy regulator argues that it also means they will fall even faster.
Martin Lewis previously explained the price cap — and highlighted the dates that could affect the bills this year.
How to get help with bills
Last month, the chancellor announced support to help with the cost of living crisis.
This includes a £400 discount for electricity bills for each household, £650 for £8 million on benefits and £300 for pensioners.
This follows the £150 council tax exemption, which is currently being abolished by local councils.
If You’re Struggling With Energy Bills, You Might Qualify For A Grant From Someone Energy Provider Hardship Fund,
It’s also worth finding out what support your local council is providing through domestic assistance fundCheck to see if you can get some extra cash to cover essential items.
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