28/08/2026
Energy Prices Are Going Up Again — So What Does It Mean For You?
Well, unfortunately, there isn’t much good news when it comes to energy prices.
Ofgem has announced that from 1st October, the energy price cap is going up again by around 3.6%.
And this is on top of the big rise we already had in July, so energy prices will be nearly 17% higher than they were back in April.
The rates do vary depending on where you live and how much energy you use.
There is one little bit of good news though. From 1st October, the Government is removing the 5% VAT on domestic electricity for six months.
That will help bring the increase down a little, but unfortunately it doesn’t completely cancel it out.
And remember, this price cap only applies if you’re on a standard variable tariff. If you’re already on a fixed tariff, your fixed rates won’t suddenly change because of the October price cap.
So why are prices going up?
A big part of this is the increase in wholesale energy prices, which have been affected by the situation in the Middle East.
Ofgem looks at wholesale prices over a period of time when setting the price cap, and unfortunately those prices have been high.
And there are already predictions that prices could rise again in January.
So what should you do?
If you’re still sitting on a standard variable tariff, now is definitely a good time to check what you’re paying..
If your with Utility Warehouse and your on a variable still give our customer service a ring and we will change you over
Don’t just assume that because you’ve been with the same supplier for years you’re getting the best deal..
And don’t forget, it’s not just about the price of your gas and electricity. Looking at your whole household package could potentially make a much bigger difference.
If you’d like me to have a look at your current energy costs and see if there could be a better option for you, drop me a message.
There’s nothing to lose by checking. 😊 message me today .
This week we have just launched a new fixed tariff and it’s the cheapest in the U.K. market when you take out 3 services.
https://linktr.ee/evasomaniUW