Understanding Increasing Energy Prices

Like many people in the UK, you may be wondering why energy prices are increasing and why your bills are changing.

Currently, the energy supply sector is running at a loss, which has been the case since before the Covid-19 pandemic. With the recent war on Ukraine, this has worsened.

Because of this, energy suppliers cannot afford to provide energy for less than what they paid for it, meaning the prices customers pay reflects the true wholesale cost of energy.

A couple of things to keep in mind:

  • The energy price cap is not absolute, meaning your bills may rise and fall depending on energy consumption.
  • Some meters and payment methods are more expensive for suppliers to use, so the price cap may also reflect these costs.

Energy Price Guarantee

With the new government scheme, average energy bills will be capped around £2,500 for the next two years.

Read more about this here.

For advice and support regarding your energy bills, contact YES Energy Solutions.

Say 'YES' to lower energy bills!

T: 01422 880100 (office hours: 9am - 5pm, Mon - Fri)

Or Contact Us

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