Households urged to review their energy bills as prices set to rise this month – London Business News | London Wallet

Ofgem’s new energy price cap came into effect on 1st October, so millions of households across the UK will be seeing their energy bills increase once again.

As families prepare for the colder months, energy savings experts at Quotezone conducted a survey to see how Brits were feeling about the impending changes.

The results showed nearly nine in ten Brits think they are being charged too much for energy (88%) and that the government isn’t doing enough to help households manage rising energy costs (89%).

One in four Brits (26%) admitted they are worried about struggling to pay their energy bills this winter, and over a third of households (37%) are now considering switching providers to find a better deal.

However, despite these concerns, 81% of households have remained with the same provider over the past 12 months, with almost one in four (23%) believing there is little money to be saved by switching.

The Ofgem energy cap will see a 2% rise for the period covering October to December 2025. This means a household using a typical amount of energy will pay £1,755 a year, up £35 a year on the current cap.

While cutting back on energy usage can help reduce bills, switching providers and tariffs remain effective ways to try and secure savings – energy price comparison websites show all available tariffs on the market, helping customers make informed choices.

Helen Rolph, energy comparison expert at Quotezone.co.uk said: “With energy bills set to rise again in October, households need to review their energy bills, looking at their tariff and their provider and compare available rates to help ensure they are getting the best value for money.

“While our survey shows that households across the UK are understandably worried about the rising bills, many people aren’t taking action, even when there may be better options out there.

“Even if the savings feel small, over the course of a year they could really add up. By reviewing energy bills before the full impact of the October increase and taking into consideration how and when they pay their bills, households may be able to reduce some of the pressure on their finances this winter.