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0 Energy bills in the UK are set to ease slightly from April, which is welcome relief after the past few years. The change comes from a reduction in the energy price cap, which limits how much suppliers can charge per unit of gas and electricity. From the start of April, that cap is dropping, meaning the average household should see a modest decrease in their annual bill.
The saving isn’t huge, but it’s noticeable
For a typical home, it works out at around a hundred pounds less per year, or roughly a tenner a month. That’s mainly down to a mix of lower wholesale energy costs and changes in how certain policy costs are handled. That said, it’s not a straightforward drop across the board. While unit rates are coming down, some of the fixed costs, like maintaining the energy network, are still creeping up. So, the reduction is there, just slightly softened. The big issue is the potential for a steep increase in home heating and electricity bills before next winter.
It’s also worth remembering that the price cap doesn’t limit your total bill, only the rate charged per unit. So, if you’re using more energy than average, your bill will still be higher regardless of the cap. Your electric meter box may need replacing if it’s cracked, too. If you require an electric meter box you can purchase it online.
April brings breathing space
It’s not a dramatic shift, though. And with energy prices still influenced by global markets, there’s a chance that things could change later in the year.
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