Updated industry forecasts indicate Ofgem’s default tariff price cap is likely to dip by around 1% in October 2025 to roughly £1,698 a year for a typical dual-fuel customer (direct debit), down from £1,720 in Q3.
While the reduction is modest, it would extend the gradual normalisation of bills from their 2023 peaks and marginally ease pressure on household budgets.
The outlook reflects wholesale gas and power prices stabilising at lower levels, improved storage, and softer demand.
However, analysts caution that geopolitical risks and weather can quickly shift the trajectory, and that standing charges remain elevated, blunting the benefit for low-usage customers.
For the broader economy, any relief supports real disposable incomes and may reduce arrears stress, but the cap remains far above pre-crisis norms, keeping energy efficiency and targeted support on the policy agenda.
Retailers have begun to re-introduce competitive fixed deals, some below the projected cap, appealing to customers prioritising bill certainty; yet locking in carries the risk of overpaying if the cap falls further in 2026.
Businesses on variable contracts see similar dynamics, with procurement strategies focusing on staged hedging and flexibility ahead of winter.
2025-08-20 18:39:32
The Department for Work and Pensions confirms the £150 Warm Home Discount scheme will expand to include Universal Credit claimants from this winter.
2025-10-02 12:31:00
Despite earlier predictions of a fall, UK households are now being warned that their energy bills are expected to rise from October.
2025-08-23 10:35:00
Barclays moved to sell around £236m of inflation-linked Thames Water debt, highlighting broader de-risking in the lender market.
2025-08-20 18:39:32
The embattled utility completed drawdown of its first £1.5bn lifeline, extending liquidity coverage into mid-December 2025.
2025-08-20 18:39:32
More households are eyeing fixed energy deals for bill certainty as forecasts point to only marginal cap moves.
2025-08-20 18:39:32
The Institute for Fiscal Studies (IFS) has reported that planned council tax reforms could lead to significant bill increases for households in affluent regions like London and the home counties.
2025-08-20 18:39:32
Lender Close Brothers has set aside an additional £33 million to compensate customers for overcharged car loans, marking a fresh blow amid the ongoing investigation into historical mis-selling in the UK car finance market.
2025-10-01 17:36:00
The state pension age is expected to rise again, leaving 1.5 million Britons in 'benefit limbo' who are too young to retire but have lost access to key benefits and tax credits.
2025-10-01 15:11:00
Chinese money launderer Zhimin Qian has been convicted in one of the UK’s largest-ever money laundering cases, bringing an end to a seven-year Met Police investigation into a global scheme to clean illicit cryptoassets by purchasing property.
2025-10-01 14:10:00
A new report has urged the government to accelerate the rise of the state pension age to 68, arguing that the welfare bill is becoming unsustainable and that past governments have 'treated the issue like a hot potato.'
2025-10-01 10:36:00
Asian shares traded in a narrow range as traders prepared for a potential US government shutdown, while Wall Street finished higher, boosted by technology stocks and US interest rate cut expectations.
2025-09-30 19:40:00
Replace bathtubs with groutless showers for easier cleaning, water savings, and timeless design.
2025-09-30 17:58:00
The Jersey Communication Foundation has distributed grants exceeding £23,000 to six local projects, aiming to create a 'level playing field' and tackle social mobility issues in the Teesside community.
2025-09-29 16:55:00
Bullion has hit a series of record highs, putting 2025 on track for gold’s strongest annual performance since 1979, driven by high inflation, interest rate volatility, and escalating geopolitical crises.
2025-09-29 16:45:00
Drivers advised to verify QR codes in car parks to avoid fraudulent payment sites.
2025-09-29 12:38:00
Use lemons, vinegar, and other foods for eco-friendly cleaning, avoiding harsh chemicals.
2025-09-28 19:25:00
US cattle and beef prices have soared to record highs amid tight domestic supply, strong consumer demand, and ranchers’ reluctance to expand herds, with restaurant owners forced to pass on soaring costs to diners.
2025-09-28 19:03:00
Gold is on track for its strongest annual performance since 1979, with bullion hitting a series of record highs driven by high interest rates, inflation, and increasing geopolitical crises.
2025-09-28 18:14:00
Wales’ new Visitor Levy has been signed into law, giving Welsh councils the choice to introduce a tourism tax on overnight stays, with the earliest possible implementation date now set for 2027.
2025-09-28 13:59:00
The Liberal Democrats warn that an estimated 1.3 million people will pay an additional £285 a year in a 'stealth tax' if the chancellor freezes income tax thresholds.
2025-09-23 16:21:00
22% of workers report money worries harming job performance, with 19% taking sick leave due to financial stress, per BSA research.
2025-09-23 13:26:00
BMW sets aside £206.9m for potential car finance mis-selling payouts amid FCA investigation.
2025-09-22 16:47:00
UK housing market sees 2% price drop in Q3 2025, driven by high interest rates and economic uncertainty.
2025-09-22 15:23:00
A three-bedroom house in Nantlle filled with rubbish goes to auction with a £45,000 guide price, requiring full renovation.
2025-09-20 23:40:00
Expert warns of five common central heating errors adding hundreds to UK households' energy bills.
2025-09-20 14:47:00
Cold Weather Payments activated in parts of UK as temperatures drop below zero for seven consecutive days.
2025-09-20 11:36:00
UK house prices rise just 1.2% in 2025, with high interest rates cooling demand, says Halifax.
2025-09-19 20:11:00
10Bet Casino offers new customers a 100% matched deposit bonus up to £50 with specific terms and conditions.
2025-09-19 18:42:00
Around 270,000 motorists to receive £200 million in compensation after insurers undervalued stolen or written-off vehicle claims.
2025-09-19 18:29:00
Experts advise simple methods for cleaning jewellery without special kits, emphasizing material durability and proper storage.
2025-09-18 22:20:00