UK energy bills on the rise due to an increase in gas prices
UK energy bills on the rise due to an increase in gas prices Sep 20, 2021
Despite the looming 12% rise in energy bills customers may be faced with a second increase.
Due to the current gas supply constraints such as the amount of stored gas being far below normal levels, UK gas suppliers are going to struggle to keep up with the current demand which will lead to an increase in energy prices.
With the climb in prices Ofgem will be prompted to announce another large increase in the energy price cap when it reviews the market early next year.
The upcoming huge £139 rise in price cap will be introduced next month and is predicted to hit around 15 million households in England, Wales and Scotland.
Those currently on standard tariffs should expect to see their energy bills from rising from £1,138 to £1,227, whilst pre-payment customers will see an increase from £1,156 to £1,309.
To find cheaper deals and save yourself money on your energy bills you can switch your energy supplier to a company and tariff more suitable for you.