Household utility bills are on the rise again!
Ofgem’s price cap increased by another 4% on 1st October, meaning a household using a typical amount of gas and electricity are paying another £60 more a year on top of July’s 13% increase.
That’s an increase of £240 per year in just 3 months.
THREE ENERGY PRICE INCREASES IN SIX MONTHS!
Sometimes you need to see the figures laid out in front of you to realise just how quickly things are changing.
On 30 June 2026, the typical annualised domestic energy cost was £1,477.
Then:
📈 1 July 2026: +12.6% (up by £186) up to £1,663
📈 1 October 2026: +3.6% (up by £60) up to £1,723
📈 1 January 2027: +25% (up by £431) forecast up to £2,154 (at the coldest time of the year!)
(Martin Lewis stated on 20/10/26 that, “The Cap is currently predicted to rise again in January by 25%”)
New Predicted January Cap: £2,154 based on ongoing wholesale market volatility.
If that January forecast of 25% proves correct, the typical annualised figure will have risen from:
£1,477 ➡️ £2,154
That’s an increase of 45.8% in just six months, or up by £677 per year.
That’s the equivalent to an extra £56.42 per month!
With energy prices moving this quickly, it makes sense to check whether you’re paying more than you need to.
And if you are not on a fixed rate, we strongly recommend that you jump on one as soon as possible! And we can offer you the cheapest fixed price in the UK.
At Reduce Your Fuel Bills, we help households review their energy costs and look at ways they may be able to save money.
We also offer Unlimited 5G Sims at £13 per month.
Don’t just accept rising bills. Check what you could do about them now.
#EnergyBills #EnergyPrices #CostOfLiving #SaveMoney #ReduceYourFuelBills
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