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28.04.2022 - 12:29 / dailyrecord.co.uk
With the energy price cap rising by record levels in April, millions of people may be dreading receiving their new energy bills this month.
After energy regulator Ofgem increased its price cap by a staggering 54%, rising by a record amount of £693, many have been left worrying about how they will afford the new prices. This comes as the UK is experiencing the worst cost of living crisis since the 1980s, with inflation threatening to peak at 9%
The cap, which places a limit on how much a supplier can charge for each unit of gas and electricity you use, rose from £1,277 to £1,971. The hike is even higher for prepayment customers, jumping £708 from £1,309 to £2,017, the Manchester Evening News reports .
Here’s what you can expect from some of the main energy providers when it comes to the new prices, including Scottish Power, British Gas, Octopus and EDF.
It’s worth bearing in mind that the figures below are an average idea of how much prices are set to increase, and rates could be higher for individuals depending on their energy usage and location.
British Gas has said that credit customers can expect to pay £693 more on their yearly energy bill (excluding VAT), which works out at £58 every month.
Prepayment customers will see an average increase of £59 per month, or £708 a year. These prices will vary depending on your energy use and how you pay your bill.
If you’re a British Gas customer, you can expect a price increase if you’re on one of the following variable tariffs:
Safeguard Credit
Safeguard PAYG v2
Safeguard PAYG
Flexi PAYG Mar 2023
Standard PAYG
Standard Credit
Standard Variable
Welcome to British Gas
The Peoples Tariff
Welcome Together
Standard Variable HM
The provider is recommending that direct debit customers increase their
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