The energy price cap was introduced in early 2019, and its purpose is to prevent residents from experiencing unjust energy price increases. Ofgem, the UK energy regulator, set the price cap largely based on wholesale energy costs to ensure that increases are fair and that decreases in wholesale energy prices are reflected in the price that residents pay for their energy. Currently, the price cap is reviewed every three months and is decided about one month before it comes into effect.

The price cap varies by payment type and region. Below lays out the price cap changes for The Midlands depending on payment type.

The first thing to know is that heat rises. This can often lead to upstairs bedrooms being particularly warm by the end of the day. If you have a loft, then you can open your loft hatch to help the heat rise further than the bedroom and collect in a space that you don’t use.

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The price cap varies by payment type and region. Below lays out the price cap changes for The Midlands depending on payment type.

Learn whether your area is eligible for grant funding and contact us for energy advice support.

This week, the UK Government launched their ‘Warm Homes Plan’. This plan has promised £15billion over the next 5 years aimed at upgrading homes, helping to reduce energy bills, and tackling fuel poverty. Whilst a lot of the funding will be directly available to homeowners to help improve the energy efficiency of their homes, the Warm Homes Plan will also include new protections for renters.