Check If You Qualify

Ofgem Confirms Energy Price Cap Increase of 54%

Sharon McDougall - 8th February 2022 - 2 minutes to read

The UK’s energy sector regulator Ofgem has confirmed that the price cap for energy bills is being increased by 54 per cent from April 1st.

Expectations are that close to 22 million energy customers across the country will see their bills increase straight away from the beginning of April.

Ofgem has said it recognises that the price cap rise and the scale of the increase will be “extremely worrying” for a huge number of households.

The organisation has explained that the dramatic increases in the costs of buying gas on wholesale energy markets in recent months have left it with no choice but to raise the price cap, which is designed to protect consumers from being excessively overcharged for their energy supplies.

Companies supplying energy to households in the UK are obliged to tether their prices to the official price cap as set by Ofgem but from April 1st they will be allowed to raise their rates significantly and are expected to do so.

Estimates suggest that the average household with a default energy supply tariff who pays their bills by direct debit will be charged an extra £693 in the coming year as compared with the previous 12 months.

Meanwhile, those who use prepayment meters to keep their homes supplied with energy can expect to see their annual spending on those supplies to increase from around £1,309 to £2,017 over the next year from April.

Ofgem has advised anyone struggling to pay their energy bills now or in the coming weeks to speak to their suppliers and ask for help.

In response to rising energy prices and the broader squeeze on household finances, the charity Advice Direct Scotland has urged people with problem debts to get support from relevant experts if ever they need it.

Conor Forbes, head of policy at the charity, said recently: “The most important advice is to remember that you don’t have to struggle alone.

“There is free and practical advice available for all Scottish households. At this difficult time for many, talking things through with an adviser can help.”

If you live in Scotland and your debts are getting on top of you then Scotland Debt Solutions can help. You can contact one of our experts any time to arrange a FREE and confidential consultation.

facebook colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall

Manager

Other News

Debt Levels Soaring across Scotland, New Figures Show Debt Level Rising

Debt Levels Soaring across Scotland, New Figures Show

Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’ Financial Hardship

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’

Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.

Scots with Disabilities Urged to Check Eligibility for New Benefits Scottish Man In Wheelchair

Scots with Disabilities Urged to Check Eligibility for New Benefits

Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.

About

Why Choose Us

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

Usp Handshake

We offer an

Instant Initial Consultation

Usp Palm Wallet

We'll Help You

Lower Monthly Payments

Usp Hand Heart

HELPING SCOTS GET

Out of Debt Since 1989

We'll give you a call

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

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
Usp Planner

Personalised Debt Report

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

Debt Report
Instant Scheduled Call & WhatsApp
Headset

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

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

Find an Office

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners