What our founder Laura said on the BBC this week
This week Laura was on BBC Morning Live with Gethin Jones and Helen Skelton, talking through the planned energy price cap rise and what households can do to protect themselves.
What’s changing?
The energy price cap, which caps the amount that suppliers can charge per unit of gas and electricity and caps the daily standing charge, for households on standard variable tariffs, is set to rise by 13% from 1 July 2026. That means the average household bill will jump from £1,642 to around £1,862, an increase of roughly £221 a year.
Should you switch or stick?
If you’re on a standard variable tariff, the answer is probably yes. Fixed deals priced around the current cap are available now, and forecasts suggest prices will stay high throughout the rest of the year – meaning locking in now could shield you from rising costs heading into the winter, when energy usage is naturally higher.
If you’re already on a fixed tariff, it’s worth checking what you’re paying:
- At or below £1,700? You’re likely in a good position, sit tight, you’re protected from this initial rise.
- Above £1,700? It could be worth shopping around for something better.
Either way, check when your current deal ends so you’re ready to fix again before it does. And always check for exit fees before switching – they can sometimes make a move not worth it financially.
You can check out the segment by watching BBC Morning Live on iPlayer (40:30)