Households across the UK are facing another winter of financial uncertainty as energy bills are set to rise again next week. Energy bills are set to rise by £149 for the average household from October after Ofgem announced it would be raising its energy price cap. The new price cap figure will be £1,717 from October 1, up from £1,568 previously.
The cap does not set the maximum a household will pay for their energy but limits the amount providers can charge them per unit of gas or electricity, so those who use more energy will pay more. Jonathan Brearley, chief executive of Ofgem, said: “We know that this rise in the price cap is going to be extremely difficult for many households. “Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly pension credit, and contact their energy company for further help and support.
” With that in mind, Stephen Hankinson, energy efficiency expert at Electric Radiators Direct revealed four ways you could cut your heating bill by as much as £300 a year. How to save money on energy bills Turn your thermostat down Stephen explained the easiest way to cut money off your bill is to turn your thermostat down. He said: “If your thermostat is attempting to reach a temperature of 22-23o each day, you’re unlikely to notice the effect of dropping it a degree or two.
In the coldest depths of winter, it may not even be possible for temperatures to get that high if your .