​Price cap freeze before energy bill increase Aug 15, 2022

ScottishPower, E.ON and Labour have called for an energy price cap freeze before it climbs to around £3,500 a year in the coming months.

A recent idea pitched by ScottishPower and E.ON called for a special fund to be created that would be subsidised by loans from banks, allowing the price cap to be frozen.

The cap would be stopped at £1,971 for two years while the difference between the existing price cap and the wholesale price would be supported by the ‘deficit fund’.

In the meantime if you are looking for ways to save money on your energy bills, we have plenty of schemes available, many of which can provide fully funded home improvements.

We also have smart meter and energy advice helplines open Monday to Friday to provide any support you may need.

You can find out more on energy price cap changes here.

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