Uswitch comments on the latest price cap increase announcement

Justina Miltienyte, energy policy expert at Uswitch.com said: “The severity of the energy crisis is now becoming a reality for 22 million households. This is the toughest energy price hike in recent memory and brutally comes at a time when other essential bills are rising. 

“While the Government will try to soften the impact of this rise, there’s no getting away from the fact that this is going to have damaging consequences for households. 

“The expected measures will only be sticking plasters on a long term problem, and it’s consumers who will ultimately be paying the price.

“This situation is even worse for those in fuel poverty, who are already trapped in a vicious cycle of energy debt. It calls into sharp focus just how vital the Government support for the most vulnerable households is. 

“If you're worried about getting into debt, it is important to contact your supplier as soon as possible. It’s also worth checking what grants and schemes might be available to help cover your energy bills, particularly if you or someone you know is vulnerable. 

“This is a deeply distressing time, but it’s vital to stay engaged with what’s happening across all your bills to make sure you’re paying no more than you have to.

“The only saving grace is that the price rises won’t take hold until April 1st, meaning that customers on standard plans will keep their existing rates for the rest of this winter. 

“Despite the bill hike announcement, for most people it’s probably best to stay on your supplier’s default tariff for now, unless you are already locked into a fixed deal. It’s important to keep an eye on the market and be ready to fix a new deal as and when they become available.”

FOR MORE INFORMATION

Ross Stebbing

Phone: 07827 836 709

Email: ross.stebbing@rvu.co.uk

Twitter: @UswitchPR

About Uswitch 

Uswitch is one of the UK’s top comparison websites for home services switching, including broadband, mobiles, SIM Only and insurance. We’ve saved consumers over £2.5 billion off their bills since we launched in September 2000.

In 2022, Uswitch launched its free mobile app, Utrack, to help consumers manage their home energy costs. By connecting to their smart meter, users can track their energy usage hourly, get dynamic insights and calculate potential savings with handy tips. 

Uswitch is part of RVU, a global group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.