Ofgem is increasing the energy price cap by 6.4%, meaning a household using a typical amount of gas and electricity will see their bill rise by £111 a year, or £9.25 a month, to £1,849. Ofgem said switching to a fixed tariff provided certainty over payments and could reduce costs, although analysts predict prices could fall in July. Some people in debt to their supplier won’t be able to switch firms, but should still be able to fix with their current provider on their best fixed deal. Our research suggested 6.7 million people in England, Wales and Scotland were in debt to their energy supplier. Our Chief Executive, Dame Clare Moriarty said, “We’re helping people every day who simply can’t afford this latest price hike”.
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