Energy Price Cap extended until end of 2021

By Matt Maynard · 20th October 2020

It’s been announced the Energy Price Cap has been extended until the end of 2021.

This announcement means around 11 million UK households on default and prepayment tariffs will be protected by price rises for at least another year. 

The Energy Price Cap only affects customers on standard variable tariffs and prepayment meter tariffs, which tend to be two of the most costly energy tariffs on the market. 

The only way to save a considerable amount of money on your annual energy bill is to switch to a cheaper deal. In the first six months of 2020, 2.8 million electricity and 2.1 million gas customers switched their supplier*. 

But how do you know what the best deal on the market is? Use our comparison service and we’ll generate a completely transparent list of all the better deals you could switch to. From here, it’s up to you which one you pick and we’ll do the rest. 

At the time of writing the best deal on the market that we’re able to switch to is £166^ cheaper than the average standard variable tariff annual cost. 

***

*Figures from GOV.UK 

^Worked out using Ofgems average SVT price of £1,042 and subtracting the cheapest deal we can switch customers to at the time of writing. 

More:  British Gas to pay out compensation to prepayment customers

More from: | Category: Energy Company News