A new campaign is calling for people across the UK to stop paying their energy bills on October 1 if costs have not been reduced. As the cost of living continues to take a toll on millions of Brits, Don't Pay UK is aiming to get one million people to pledge to cancel their bills in a bid to force energy companies to reduce monthly bills.
This action is in response to soaring energy prices, which are expected to remain at more than two-and-a-half times their pre-crisis levels until at least 2024 after another increase in the price cap. This comes after Ofgem confirmed the energy price cap will be updated every three months, rather than every six months, as it warned that customers face a “very challenging winter ahead.”
The regulator said the change to when the energy price cap is updated “will go some way to provide the stability needed in the energy market, reducing the risk of further large-scale supplier failures which cause huge disruption and push up costs for consumers,” adding: “It is not in anyone’s interests for more suppliers to fail and exit the market.”
