Home Energy price Cap to rise 13% in July. What should you do ?

As you may have seen on the news, home energy prices are expected to climb again from July, with average annual costs forecast to increase by around 13% as global wholesale prices continue to surge.

According to Ofgem, the average UK home could see yearly energy bills rise by approximately £221, taking a typical household’s annual cost to around £1,862. The increase follows ongoing disruption in global energy markets linked to tensions in the Middle East and restrictions affecting key oil and gas shipping routes.

For many households on standard variable tariffs across England, Scotland and Wales, this means noticeably higher monthly payments. The average dual-fuel customer could pay roughly £18 more each month, with gas prices seeing the biggest jump.

Although customers already on fixed-rate tariffs won’t be immediately affected, millions of households remain exposed to future price rises — and suppliers have warned there could be further increases later in the year if market conditions remain unstable.

Ofgem’s price cap only limits the maximum unit rate suppliers can charge on variable tariffs. It does not cap your total bill, which still depends on how much energy you use.

With prices changing again, now is a good time to review your current tariff and see whether a fixed deal could help protect you from future increases.

At PowerSwitch.com, you can quickly compare the latest energy deals from trusted suppliers and check if you could secure a better fixed rate before prices rise further.

Comparing takes just a few minutes and could help you save money and gain peace of mind.