Ofgem has announced a new energy price cap, determining the maximum amount suppliers like British Gas, OVO, EDF, and Octopus can charge per unit of energy from April 1 to June 30. The new cap is set at £1,849 per year, marking a 6.4% increase from the previous £1,738 cap, and adding an average of £111 per year to household energy bills.
According to solar panel experts at Grant Store, the impact of these changes will depend on individual energy consumption and now is the time to reassess energy usage and explore alternative solutions like solar energy.
“With Ofgem’s new price cap confirmed at £1,849 per year, millions of households are once again facing higher energy costs. This £111 annual increase will add even more financial strain on families already struggling with rising bills,” said a spokesperson from Grant Store.
“What’s more concerning is that gas unit prices will rise by over 10%, meaning the cost of gas is now double what it was in winter 2020/21. Households must assess their energy usage now and explore options like fixed-rate tariffs or renewable solutions to gain more stability in their bills.”
Another major concern is the profitability of energy suppliers. According to the End Fuel Poverty Coalition, Ofgem has allowed suppliers to increase profits by 4.1% per customer, despite households facing financial pressure. Campaigners warn that energy firms have already made £483 billion in profit since the energy crisis began.
“For those concerned about rising costs, solar energy and battery storage solutions are increasingly becoming viable options, allowing households to reduce reliance on the grid and gain control over their energy expenses. With price caps constantly changing, the best way to protect yourself from future hikes is to invest in energy efficiency and renewable energy solutions,” added the Grant Store expert.
The UK government has announced plans to expand the Warm Home Discount to help low-income families, but many campaigners argue this is not enough. Some are calling for a social tariff—a reduced rate for vulnerable households—to provide better long-term protection against rising energy costs.
Brits should pay close attention to energy price trends, as another increase could come in October 2025. Planning ahead and securing the right energy deal now could be key to avoiding further financial strain.
