MARTIN Lewis has warned households that there is no cap of £2,500 on bills. The new Energy Price Guarantee (EPG) will apply from October 1, replacing the £1.971 price cap that applies now. It freez…
The government announced the EPG to stop bills from rocketing further.
Under the price cap, which is set by the regulator Ofgem and based on wholesale costs, bills were set to rise to £3,500.But your bill can still be higher or lower depending on usage. You bills can also vary depending on how you pay. Paying by direct debit is the cheapest way to cover the cost of your bill.Those on a duel fuel standard tariff and who pay their bills by direct debit will pay the following unit rates from October 1:A standing charge of 45p per day for electricity
The amount can also vary very slightly based on the company you're with, where you live as well as how you pay your bill.It could make your energy bill more accurate, and help you avoid overpaying based on estimates.There are schemes offered by suppliers, local councils, charities and the government that could help.
If you're struggling with energy costs or other bills there are plenty of organisations where you can seek advice for free, including:
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