The cost of energy is going to skyrocket in April and put severe strain on millions of households across the UK. This is due to the rise in the Ofgem energy price cap.
The energy price cap will increase from April 1 for approximately 22 million customers. Those on default tariffs paying by direct debit will see an increase of £693 from £1,277 to £1,971 per year (difference due to rounding).
Prepayment customers will face an increase of £708 from £1,309 to £2,017. On February 3, 2022, the Government announced a '£150 council tax energy rebate' to help to mitigate the costs of rising energy bills to households in council tax bands A-D.
