We all need heat and light to live. Unfortunately, the cost of making our homes comfortable has increased dramatically, and energy has become a bigger proportion of a typical household’s living costs.
The energy market is in crisis, with extreme volatility in energy wholesale prices leading to huge increases for bills over the last 2 years.
The market is regulated by the Office of Gas and Electricity Markets, known as Ofgem, whose role is to protect consumers by promoting competition and fair practise within the industry.
This page provides an overview of the major UK energy suppliers, summarises recent industry news, and gives some advice and tips, as well as sources for further support.
<aside> 📢 The Energy Price Guarantee is supporting households with energy bills until April 2024. This will cap the average household bill at £2500 until July 2023 when the cap is expected to increase to £3000. Read more here
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The top 8 suppliers account for 80% of the UK gas and electricity market.
Our expert take on how to get the best energy supplier for your household. Our independent and honest reviews of each supplier collate information from trusted sources into one place to guide you in finding the best solution for your electricity and gas needs.
This is a worrying time for households as the energy crisis means that bills are at unprecedented levels. This guide gives information on how the government is helping households and what other benefits you may be eligible for.
The energy crisis means there are unlikely to be any providers who can offer you a cheaper price than the “SVT” Standard Variable Tariff rate protected by the government’s Energy Price Guarantee.
Whilst government support will soften some of the financial impact, household energy bills will still be significantly higher this winter.
A large proportion of your energy bill comes from heating your home and hot water. Find quick ways to reduce usage and heat loss with our energy saving tips here
For the most up-to-date practical advice, read our guide to Saving money on energy.
<aside> 🆘 If you are struggling with energy debt and need urgent help with your energy bills, see this guide
The government’s Energy Price Guarantee (EPG) is in place until April 2024. Normally, energy prices are regulated by Ofgem’s Energy Price Cap, which limits the rate energy providers can charge customers.
Following the energy crisis, which saw wholesale prices rise far above the Energy Price Cap, the Government had to introduce the EPG, which currently supersedes the price cap. This means a typical household in England, Wales and Scotland will pay an average of £2,500 a year on their energy bills until July 2023.
The price guarantee works similarly to the Energy Price Cap, limiting the unit rate (kWh) of energy, so the price you pay will depend on your actual usage.