Ofgem Announce Energy Price Hikes

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9th Feb 2019

Ofgem Announce Energy Price Hikes

Today the BBC reports that Ofgem have announced a rise in the energy price cap, coming this April. The increase will hike prices for at least half of British households – this will affect you if you’re on a default or standard variable rate. It will also impact everyone using pre-payment meters.

Ofgem, tasked with protecting consumers from being overcharged for energy, has made the decision in response to higher wholesale energy prices.

Some suppliers, such as Octopus, have said they will not be raising their energy prices. You can learn more about Octopus – the only Which? recommended energy supplier – in our blog.

You can protect yourself from energy price hikes by generating your own energy using Solar PV and storing it using Battery Storage.

Contact us today, to discuss how we can help you build your own electricity producing solution, include Off-Grid, Solar PV and Battery Storage.