Is Now a Good Time to Fix Energy Prices?

Energy Price Cap Due To Increase By 13% In July

Energy bills did fall in April, with Ofgem lowering the price cap for a typical dual fuel household from £1,758 to £1,641 per year. However, that relief has proved short-lived.

Ofgem has now confirmed that the energy price cap will rise sharply by 13% from 1 July to 30 September 2026, pushing the average annual household bill up to £1,862.

This is one of the biggest jumps seen in years and means many households across the UK could end up paying more than £200 extra a year for their energy. With ongoing uncertainty in global energy markets, many people are now asking whether fixing their tariff could help protect them from further increases later this year.

Experts, including Martin Lewis, are already urging households who are not on a fixed tariff to consider fixing now, to avoid being exposed to these dramatic increases.

Should I Fix Energy Prices Now?

Put simply – YES.

With prices creeping up again this summer, mainly because of ongoing issues in global energy markets. Things like the situation in the Middle East are putting pressure on supply chains, and it is likely to take a while for things to settle. Ofgem has now confirmed the next price cap, effective July 1st, which may leave many households facing another significant jump in costs.

While that is not as extreme as what we saw in 2022, it is still a very noticeable increase, especially if you are not on a fixed deal.

What this means in real terms is that day-to-day living could get more expensive. When energy prices go up, it often pushes up other costs too, like food. For many households, especially those on lower incomes, this hits harder as a bigger chunk of their money already goes on essentials like heating and groceries. Not everyone has savings to fall back on or the option to cut back much further, so these rises can be tough to manage, particularly if prices stay high into winter.

Find The Best Tariff and Save Money With LEAP

LEAP is a completely free energy advice service, helping you save money on your energy bills and stay warm during the colder months.

We’re proud to deliver the LEAP service in partnership with Peterborough City Council, South Cambridgeshire Council, and Rutland County Council. 

After you’ve applied for LEAP and your eligibility has been checked, the LEAP bookings team will arrange for one of our highly skilled Home Energy Advisors to visit your home, at a time that suits you.

During the visit, they will conduct an energy assessment of your property, provide energy-saving advice, and install FREE energy-saving measures such as LED light bulbs, draught excluders, and more. They can also refer you for extra support, including income maximisation services or larger energy efficiency upgrades and appliances if needed.

With a free home energy visit, we can:

• Check you’re not paying more than you should
• Review your tariff and help you find the best option
• Make sure your bills are accurate
• Help you fix your tariff now, while you still can
• Offer tailored advice to reduce your energy use

Our goal is to ensure you’re on the most cost-effective plan available, potentially saving you hundreds of pounds each year.

LEAP Eligibility

You’re eligible if:

• You have a low household income (less than £31,000)
• You receive universal credit
• You receive housing benefit
• You receive an income or disability related benefit
• Another type of means-tested benefit

Don’t wait until it’s too late!

With the energy price cap set to rise in July, now is the time to review your options. Don’t wait until your bills increase – take action now to secure a more stable and affordable energy plan.

Apply for LEAP now