[DebF_EONNext]

Good morning E.ON Next Community 👋

As you may have seen or heard already - Ofgem have made their latest price cap announcement today. If you're struggling to get your head around it all then here's a handy breakdown of everything you need to know about the Ofgem 1 April energy price cap 2025.

Ofgem has announced the latest price cap information this morning and the price cap is rising again by 6.4% this is an increase of £111 per year for the average household. Please keep in mind that although the announcement was made this morning, the new rates won't be in effect until 1 April 2025 to 30 June 2025, so you won't see these prices on your bills right away.

What is the price cap?

The price cap sets the maximum price per unit (kWh) an energy supplier can charge for your energy, the limit also applies to standing charges. The level of the cap is based on a typical household's annual usage however, you may pay more or less depending on your own energy consumption ⚡

The government introduced the price cap in 2019 to protect consumers from paying too much for their energy. It's set by the energy regulator Ofgem & it's currently reviewed four times a year.

The current price cap (1 January 2025 - 31 March 2025) sits at £1,738 however from 1 April 2025 it will change to £1849

How does this compare to the previous price cap?

As mentioned above the price cap (1 January 2025 - 31 March 2025) currently sits at £1,738 however from 1 April 2025 it will change to£1849

Here's a breakdown:

Will I be affected by the price cap?

If you've got a fixed tariff with us, then it won't affect you (unless your tariff ends within the price cap period) however the price cap will change things for customers on Next Flex - our standard variable tariff and those of you on Next Pledge - our E.ON Next tracker tariff (Next Pledge prices are guaranteed to stay £50 below the price cap!).

Where can I find more information?

Ofgem announced the new price cap today 25 Feb 2025 however we will be keeping this thread updated if there are any changes. Alongside this thread, you can also check out our blog & website too for further updates.

🌟 Energy prices are rising, should I fix my tariff?
🌟 What's happening with your bills?
🌟 What is the energy price cap?

Is there any other support available?

We understand that this may be a worry for some of our customers in the current climate however please remember there's lots of support available and we want to help you stay on top of your energy bills. Check out A helping hand - Extra support with the cost of living 🤗 which outlines all the support we offer.

We also have a benefits calculator on our website which is a great tool where you can check your eligibility for certain benefits too.

If you find you're struggling you can get in touch with one of our Energy Specialists who can support you. You can find all of our contact information by visiting this thread 👉 How to contact E.ON Next

[WizzyWigg]

Ofgem regional standing charges and unit rates paid by Direct Debit, single rate

_h3_ElectricitystandingchargesandunitratespaidbyDirectDebit,singlerate_h3_.pdf

_h3_GasstandingchargesandunitratespaidbyDirectDebit_h3_.pdf

Other rates can be found here:

https://www.ofgem.gov.uk/information...t-rates-region

[meldrewreborn]

@DebF_EONNext

while these increases are most unwelcome, they do relate to annualised costs and it’s important to realise that generally our consumption of energy drops in the summer so consumers are shielded a little bit from the impact.

for those on the variable tariffs mentioned above, the advice is to try to switch to a fixed tariff instead, but not to leave that action too long as the deals can be withdrawn at short notice.

[retrotecchie]

@meldrewreborn

Cornwall Insight were rather out on their guess this time, by some margin.

And if you live in the North Wales/Mersey Region....wow!! Just shy of 70p a day for the electricity standing charge. That's £255 a year before you consume a single unit.


My Fix: 23.10 p/kWh 54.21 p/day. New Cap. 28.5p/kWh 69.54p/day. That's a 28% increase in the standing charge and a 23% increase in the unit rate.

Makes my 24 month fix look even better than ever 😎

[meldrewreborn]

@retrotecchie

Cornwall are looking at the market data but are not privy to the internal machinations of OFGEM, whose decision can influence whether costs get applied to unit prices or standing charges. Off to do some more reading on the background.

[Tommysgirl]

@WizzyWigg @meldrewreborn @retrotecchie

My regions (Northern) electricity standing charge is currently 72p per day, and will be decreasing to just under 60p per day in April, which was a bit of a surprise 😲. I've always thought that Northern regions standing charges were too high in comparison to others, so the new S.C. is balancing things up a bit.