With the energy price cap having risen from 1st October, many households are now starting to feel the impact on their bills as the colder months set in. While it’s impossible to control the cost per unit of energy, there are ways to feel more in control of how you manage usage, payments, and planning.
Understanding what’s changing
The energy price cap, set by Ofgem, limits what suppliers can charge per unit of gas or electricity – but it isn’t a cap on your total bill. The more energy you use, the more you pay. With colder months approaching, bills may rise simply because usage increases.
That’s why now is a good time to review your habits and understand your options…
1. Know where your money’s going
Start by reviewing your latest energy statement to see how much you’re using each month. If you’re on a variable tariff, note how your costs change with usage. Some suppliers also show comparisons to similar households, which can be a useful guide.
2. Speak to your supplier early
If you’re worried about higher bills, reach out to your energy supplier before winter sets in. They may be able to offer alternative payment plans, so check if you’re eligible for energy support schemes or whether your provider will offer tailored advice on reducing consumption. Getting in touch early can help you avoid unexpected bills later.
3. Make your home work smarter for you
You don’t need to overhaul your home to make it more efficient. Small, low-cost changes can make a difference. This could be using a smart meter to monitor usage in real time, closing curtains at dusk to retain heat, or using radiator thermostats to just heat the rooms you use.
4. Spread the cost, and the stress
If you can, set aside a little each month for higher winter bills to help spread the cost. Alternatively, check whether your supplier offers a “budget plan,” which evens out payments across the year. This can make monthly costs feel more predictable.
5. Know where to get support
If you find your energy bills becoming difficult to manage, you’re not alone. Trusted organisations such as Citizens Advice, National Energy Action, and Ofgem offer clear, impartial information and can point you towards financial support schemes.
While the rise in the energy price cap is outside our control, the way we prepare for and manage our usage isn’t. By staying informed, planning ahead, and reaching out for support if needed, you can feel more confident about facing the colder months.
This blog is for general information only and does not constitute financial advice. Energy costs and support schemes are subject to change.
