How to beat yet another energy price cap rise

Understanding the Energy Price Cap

The energy price cap serves as a limit on the maximum amount energy companies can charge per unit of gas and electricity, but it does not dictate the total billing amount for consumers. While the current average figure of approximately £1,849 is commonly cited, it’s important to note that actual costs vary significantly based on individual consumption patterns. Most households today are finding themselves on variable tariffs, which are subject to fluctuations in pricing, largely due to the effects of the recent energy crisis. The crisis led to a substantial restructuring of the energy market, including the adjustment of the price cap’s assessment frequency from every six months to every three months, allowing it to better respond to volatile wholesale energy prices.