Gas prices

Households on direct debit energy bills are likely to pay around 18% less for gas and electricity from 1 July, according to final price cap predictions shared today by MoneySavingExpert.com founder Martin Lewis – see his full explanation below.

Energy bills are rising for many this month despite the postponement of a 20% planned price increase in April. This is largely due to two reasons; firstly, the Government's £66 or £67 monthly support payments have stopped, and secondly, some suppliers are also reviewing direct debit levels at the same time. Here’s what you need to know.

British Gas has cut gas prices for over a million of its prepay meter users as of Saturday 1 April, bringing them in line with the rates paid by those on direct debit. The change means these customers will save an average of £59 each on their gas costs over the next year. Here's what you need to know. 

Next month's 20% energy bill price rise is now likely to be scrapped by the Government as energy firms are preparing for it not to go ahead. That's what MoneySavingExpert.com (MSE) founder Martin Lewis told Nick Robinson on BBC Radio 4's Today programme this morning (Friday 3 March).

The energy price guarantee, which was introduced on 1 October to protect households from a hideous 80% increase in energy bills, will now only last until April 2023, rather than for the next two years as originally planned. Here's what we know so far, and how the shake-up could impact your future bills.  

Millions of people are facing "unaffordable" energy bill rises from October, as the price cap is now predicted to rise from £1,971 a year to £3,582 a year for someone on typical use. A further 19% rise is expected in January 2023, taking typical bills to £4,266 a year, according to the latest forecast from energy analysts Cornwall Insight. 

The price cap on how much energy suppliers can charge households will now change every three months from October, instead of every six months, regulator Ofgem has confirmed. Due to the current high wholesale energy costs, it means we're likely to see price rises TWICE this winter. 

Former customers of failed supplier Green Network Energy (GNE) will be moved onto EDF’s pricey standard variable tariff (SVT) from October, with the cheap tariffs they were initially switched to set to end. If you were on one of these deals, switch now or you could end up overpaying.  

Martin Lewis explains how a new £200 energy bill loan offered by the Government really works in his latest video. The initiative was announced this week in a bid to help households with the rising cost of living, following confirmation that typical energy bills will rise by £693 a year from 1 April. But there's lots of confusion about the loan, which MoneySavingExpert.com founder Martin debunks below.  

The energy price cap, which limits how much suppliers can charge households on poor value standard variable tariffs (SVTs), could be extended beyond 2023, while households on those tariffs will be given personalised switching advice, under new plans announced by the Government today.