Press statement

Which? comments ahead of the new energy price cap coming into effect on Saturday 1st July

2 min read

Emily Seymour, Which? Energy Editor, said: 

“From Saturday, the energy price cap will come down to £2,074 a year for a typical household but many will understandably be confused about what exactly this means for them and their monthly outgoings.

“While the new price cap will see typical bills drop by around £500, energy bills will still be almost double the amount they were before the energy crisis began - which will be unaffordable for some households. If you are concerned about struggling to pay higher bills, there is help available. Speak to your energy provider about a payment plan you can afford and check to see if you qualify for any government schemes.

"We'd recommend that everyone without a smart meter takes a meter reading on or close to 30th June to make sure their energy company doesn’t overcharge them for units used after Friday's price drop. Submitting meter readings on a regular basis is a good idea, and makes sure you are billed correctly.

"Fixed deals are starting to return to the market for existing customers of some suppliers. We wouldn't recommend fixing anything higher than the unit rates in your current deal or for longer than a year. If you are offered a deal, then it’s really important to check the tariff’s exit fees in case you want to leave that deal early if the price cap comes down."

ENDS

Notes to editors 

Traditional prepayment meter customers can get any lost, missing or expired Energy Bill Support Scheme vouchers reissued and redeemed until 30 June 2023.If you are on a traditional prepayment meter and haven’t received your vouchers or are unsure of how to redeem them, you should get in touch with your supplier for more information as soon as possible.