Ofgem released details of the latest changes to the price cap on 3rd February, whilst the government announced measures to soften the blow on households.
Read our blog to find out more about what this means.
Why are prices so high?
Wholesale gas prices rose throughout 2021, and this had a knock-on effect on the price of electricity as well. Because we pay our renewable generators a fair rate in line with the wholesale energy market, we have also been affected by high prices.
With winter bringing cold weather across Europe and increased competition for gas supplies around the world, prices have reached record levels.
What to do if you’re worried about your energy bills
If you’re finding it difficult to afford your energy, contact your energy supplier as they may be able to help set up a payment plan. You can also get free independent advice about your energy bills from organisations including Citizens Advice and National Debtline.