Covid 19 bannerCovid 19 banner - mobile

Energy Bills to Fall for Millions from April

  • Sharon McDougall -
  • 7th February 2020 -
  • 2 minutes to read

Millions of households will see their energy bills come down from April thanks to a lowering of price caps by the UK’s energy regulator.

Ofgem’s default price cap is to be brought down by £17 in response to falls in wholesale energy prices.

For the upcoming summer period, which runs from April to September, the default price cap set by Ofgem will be £1,162, having previously been set at £1,179.

Around 11 million households are estimated to be impacted by the default price cap, while a further four million users of pre-payment meters will also see their energy costs come down later this year.

The cap on prices for pre-payment meters will come down from £1,217 to £1,200 from April, the regulator has said.

The idea behind the default price cap is to keep costs down for consumers who might otherwise have found themselves paying more for their energy supplies because they don’t routinely switch to the cheapest deals available to them.

Nonetheless, Ofgem advises people to shop around and be aware of better deals on gas and electricity supplies that are available.

The default price cap has been in place since January 2019 and is estimated to have saved households nationwide somewhere in the region of £1 billion so far.

Jonathan Brearley, Ofgem’s chief executive, has said that the price cap introduced early last year has meant that “suppliers have been required to become more efficient and pass on savings to consumers”.

He added that “switching rates” among energy consumers has never been higher than they were last year, and described the news about incoming reductions to the price cap as “further good news” for the 15 million or so households who look set to benefit.

If you live anywhere in Scotland and you are struggling to manage your personal finances and your debts for any reason then Scotland Debt Solutions can help. Contact us directly to arrange a FREE and confidential consultation.

Sharon McDougall
Sharon McDougall
Manager
About

Why Choose Us

5 Offices in Scotland
5 Offices in Scotland
National Coverage
Ask us About
Ask us About
We Do Home Visits
Helping Scots Get
Helping Scots Get
Out of Debt Since 1989
We offer a
We offer a
Free Initial Consultation
We'll Help You
We'll Help You
Lower Monthly Payments
You'll Get
You'll Get
Peace of Mind

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

When should we call?
Can we leave a message?
Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.
Tools

Useful tools

Personalised Debt Report

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Free Scheduled Call

Free Scheduled Call

 Arrange a call with an expert advisor at a time to suit you.

Find a Local Office

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Close Menu Share with a Friend

Send this page to a friend

via Whatsapp via Messenger via Messenger via Email
Make sure you have WhatsApp installed.

Copy link to clipboard
Close
Edit this Page