A warning has been issued to energy customers to make sure they aren't paying more than they need to. Households are being told to make sure they understand how the Ofgem price cap works amid fears it could rise again next year.But, smart home systems provider BOXT is forecasting the bill will actually rise more still, to £1,898.
"Whilst there are steps consumers can take to monitor their consumption, the global cost of energy is beyond their control. Because of this, people in the UK have been urged to start thinking about longer-term investments into improving the energy efficiency of their homes and being more self-sufficient to ensure they are not caught out by changes in unit rates.
He added to the Express: “Beyond the price cap, the Government needs to work towards improving the availability and affordability of alternative energy sources such as solar panels, and alternate heating systems such as hybrid heat pumps, that are purpose-built to combine a heat pump with an oil or gas boiler, to reduce households' energy bills in the long term.”
It has been reported that thousands of households could have access to £7,500 so they can install a heat pump in their home. Applications for the boiler upgrade scheme opened in May 2022 and offers households a free grant of £5,000 to install an air source heat pump.