You might be wondering why you are paying more for your energy?
Simple answer: The energy price cap increased. On the first of April this year the energy price cap increased by 54%.
What is a price cap?
This is the limit on how much a supplier can charge for the gas or electricity per unit. This is to ensure that you aren’t overcharged for your energy by your supplier.
How is this worked out?
On a six-month basis, Ofgem (which is a regulatory body supervising the operation of the gas and electricity industry) work out the average costs a supplier must pay to get energy to the consumer. To ensure you get a fair price energy companies must charge the cap or below the capped price.
Why has the cap increased?
This is due to the wholesale price of fuel, which increased for several reasons; these include the harsh winter in Europe, the recent conflict in Ukraine disrupting supply channels and producers not sufficiently increasing production to meet demand.
SO WHAT CAN YOU DO?
Here are some small simple tips that can help you lower your energy bills:
- Turn off the heating – as we come into summer it’s naturally getting warmer so remember to switch it off in the warmer months
- Wash your clothes at a lower temperature – this doesn’t just save on your energy it saves your clothes too!
- Dry your clothes outside – now that it’s warmer let the sun do the work rather than the tumble dryer.
For loads more tips look do through our other posts or visit our Warmer Homes West Midlands YouTube channel where we have short videos with practical tips:
SO WHAT CAN YOU DO?
We can support you in various ways:
- You can call our freephone number 0808 196 8298 and receive information, advice and guidance from one of our qualified energy advisors.
- Our community outreach staff can visit you in your home and carry out an energy check with you including the installation of energy efficiency measures.
- We can also explain any grants and additional support you might be able eligible for depending on your individual circumstances and the existing energy performance of your property.
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