Energy Bills Unleashed – The Price Cap Gone Wild
For the past six months, what was supposed to be a relief belt for energy‑hungry households turned into a heavy‑handed blow‑to‑the-pocket. A fresh study shows a whopping £1.2 billion added to bills nationwide, all thanks to a staggering 42 price rises. If you’re lucky enough to have lived through 2018, you’ll know how dramatic this is – back then there were just 15 increases, even while gas and electricity prices were slipping down the charts.
Flashy Numbers – The Rise in Count
- 42 new hikes post‑price‑cap vs. 15 in 2018
- Consumer spending swells by £1.2 bn
- Average jump: £110 in 2019, compared to £75 last year
Why the Cap Might Be the Culprit, Not the Savior
“The sheer number and scale of price rises this year raise serious questions about the unintended consequences of the price cap,” says Lily Green, research lead at Look After My Bills. “It’s too early to tell, but the price cap might have opened the door for suppliers to push prices up like a megastar in a popcorn‑factory.”
What’s even more baffling is that wholesale energy costs have been declining, yet the bills keep climbing. If the market had a sense of humor, it would have a great laugh at this paradox.
Suppliers in the Spotlight
- Big Six (British Gas, EON, SSE, EDF, Scottish Power, and Npower) – all climbing the price ladder.
- Tonik – average bill up by £144.
- Ebico – average bill up by £162.
Stay in the Loop
Want to keep up with every new tick of the energy tick‑to‑keek? Subscribe now to receive real‑time updates directly on your device. No more guessing games – just the stats you need, when you need them.
