Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Brits urged to take action before October 1 to avoid energy bill hit
    Commodities

    Brits urged to take action before October 1 to avoid energy bill hit

    September 23, 20253 Mins Read


    The official energy price cap is due to rise within days, bringing higher bills in the run-up to Christmas

    More than 7million households risk being hit with higher bills worth £125 million unless they submit a meter reading before October 1. The threat comes because the official energy price cap is due to rise within days bringing higher bills in the run-up to Christmas.

    The increase means it is important that people give their supplier a correct meter reading up to the end of September. The rise in tariffs mean a week’s worth of energy at the new higher October rates will typically cost the average household £17.02 more than in September.

    Energy comparison service Uswitch says households should check their meters are up-to-date, track their usage, and consider locking in a fixed tariff now – before prices rise further.

    Ben Gallizzi, energy expert at Uswitch, said: “Households should take a moment to read their energy meter in the coming days to avoid the possibility of being charged at October’s higher energy rates. Customers without a smart meter should submit their readings before or on Wednesday 1 October, so their supplier has an accurate view of their account.”

    He added: “Energy bill-payers can get ahead of October’s price hike by fixing at cheaper rates now. There are currently a range of fixed deals around £215 cheaper than the October price cap for the average household. If you can switch to a deal cheaper than the October price cap, now is a good time to make the change.”

    Top 5 cheapest fixed energy deals

    Supplier Tariff Average Bill Saving

    Outfox Energy Outfox the Price Cap 2yr £1,542 £213

    Outfox Energy Outfox the Price Cap 12m £1,540 £215

    Outfox Energy Outfox the Price Cap 15m £1,544 £211

    Fuse Energy Sept 2025 Fixed 13m £1,545 £210

    Fuse Energy Sept 2025 Fixed 15m £1,558 £197

    * Saving is versus the new October tariff cap

    Uswitch warns that with global instability in wholesale energy prices, the October price cap is expected to rise again next year, making the case for locking in a cheap fixed deal even stronger. A fifth of households without smart meters have not submitted a reading in the last three months, while 6 per cent haven’t done so for a whole year – leaving some families overpaying and others underpaying.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Martin Lewis issues energy bill warning to UK

    Commodities

    Six Global Energy Trends Shaping the Middle East in 2026

    Commodities

    Energy Transfer Expects to Stomp on the Gas in 2026

    Commodities

    Why Shares of Bloom Energy Are Rocketing Higher Today

    Commodities

    Terrestrial Energy, Oklo execute DOE agreements

    Commodities

    Fusion Science and AI Warn of STEM Skills Gap Threatening Future Energy and Tech Workforce

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    China’s central bank extends gold-buying streak as metal’s rally cools

    Stock Market

    3 Income Stocks I Never Plan to Sell

    Stock Market

    Utilities Kingston issues advisory regarding theft of copper wire

    Editors Picks

    Launch of 2025 Mullingar Agricultural Show

    June 21, 2025

    Policy uncertainty leads to $1.4 billion cancelled U.S. manufacturing investments in May – pv magazine USA

    June 23, 2025

    Samuel Sarr conteste sa détention dans l’affaire West African Energy

    February 24, 2025

    Qui peut battre Tadej Pogacar ? Nos favoris pour l’Amstel Gold Race 2025

    April 19, 2025
    What's Hot

    A Beginner’s Guide to Cryptocurrency in 2025

    September 8, 2025

    The ‘Unknowns’ Driving Cryptocurrencies

    August 12, 2024

    Argentina to join US group for spurring metals investments

    August 21, 2024
    Our Picks

    PFMcrypto Launches the Best Free Digital Asset Management Platform in 2025, Attracting Millions Worldwide

    May 5, 2025

    PENGASSAN strike: Reps seek protection for Dangote Refinery, strategic investments

    October 21, 2025

    The Real Reason Why Donald Trump Has Pivoted Towards Crypto

    July 16, 2024
    Weekly Top

    Qatar for Canada: A Fintech Giant’s Move

    January 8, 2026

    Gold, silver prices cool in India: Why experts see this as a pause, not a reversal

    January 8, 2026

    China’s industrial buyers shun copper after prices hit record

    January 8, 2026
    Editor's Pick

    Digitalisation de l’épargne : Malakoff Humanis s’empare de la jeune pousse Mon Petit Placement

    May 6, 2025

    Logiserve Gains NBFC License to Power Fintech for Merchants

    August 20, 2025

    Retaining scarce skills within the fintech industry – BusinessTech

    December 11, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.