The energy price cap has gone up once more but how is it due to impact you, and just how much will bills rise by?
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00:00From the 1st of October 2024, the energy price cap went up. It's the amount energy suppliers
00:08are allowed to charge customers per unit used. Ofgem is responsible for setting it for the
00:1328 million households across England, Wales and Scotland every three months. This time
00:18up until the end of the year, gas prices will be capped at 6.24 pence per kilowatt hour
00:23and electricity at 24.5 pence per kilowatt hour external. But what will that actually
00:28mean for the bill we'll pay? Well, it's a rise of 10% on the last quarter. The annual
00:33dual fuel bill paid by direct debit will be £1,717 for an average household. The actual
00:40amount you'll pay will depend on how much energy your household uses, where you live
00:44and the type of meter you have. The rise has meant some are turning to fixed rate tariffs
00:48which offer certainty for a set period. With all the talk of rising bills, it brings us
00:52to the age old debate about when to turn on the heating for the colder months. When's
00:56too early? Perhaps yours is already on. And does the debate cause arguments among the
01:00members of your household?