New plans mooted by Ofgem could see the price cap on household energy bills be reviewed every three months.
The energy regulator said that it might insert two new reviews a year, one in January and another in July, which will see them revised every three months instead of six.
Ofgem claims the more frequent price cap would reflect accurate energy prices, but Uswitch, a price comparison site, has said this plan does little to solve the hard cost of living realities current being faced by many, the Manchester Evening News reports.
Justina Miltienyte, head of policy at Uswitch.com, has said that updating the prices this regularly will mean customers will experience the pain of rising prices on a more regular basis.
"Updating the price cap on a quarterly basis would mean a second update hot on the heels of October's expected increase in rates," she said.
"This could demand a swift revision to household budgets at one of the most expensive times of year, raising the possibility of a painful New Year hangover.
"Until now, the price cap has at best acted as a delay mechanism for the pain of rising wholesale prices, but it is unable to prevent harsh increases hitting customers altogether. A quarterly review means that the ability of the cap to delay the pain of rising prices is shorter."
On April 1, energy regulator Ofgem hiked its energy price cap by 54%. The energy price cap, which limits the rates a supplier can charge for each unit of gas and electricity you use, jumped by £693 from £1,277 to £1,971.
Ms Miltienyte added: "Conversely, if wholesale prices start falling, Ofgem would have the ability to pass these through to those on standard plans a little sooner.
"The price cap has always been a sticking plaster to deal with the problems of the energy market, and this proposed change is another attempted quick fix. The cap fails to give real, meaningful help to those who need it the most and this has been brought into extreme focus as costs have rocketed. More fundamental longer-term reform is still needed."
It comes as money-saving guru Martin Lewis has apologised for "losing his rag" in a briefing with Ofgem staff over coming changes to bills.
Lewis called the changes "a f*****g disgrace that sells consumers down the river" and has apologised saying he should "have behaved better".
On Twitter, Lewis said: "I'd like to formally apologise to the Ofgem staff for losing my rag in a background briefing just now and saying its changes are a 'f*****g disgrace that sells consumers down the river'. I should've behaved better.
"My ire's institutional not individual, it was inappropriate...
"I lost it when getting a briefing about today's proposals, where it feels like at every turn, in these desperate times where lives are at risk, it has ignored all asks for consumers and instead kowtowed to the industry (I hope history proves me wrong)...
"I finished the call by asking it to at least consider cutting standard charges, which huge rates stop people really saving by cutting energy use. I have had good meetings with Ofgem for years, so I'm sorry this blew up (they were calm I wasn't)...
"I pray when I do further analysis I have to apologise again as I've got it very wrong (if not I worry about dire consequences for consumers - we must do more to make things better for them)."
