The Ofgem price cap is currently set at £1,738 a year for someone with typical energy use who pays by direct debit - and the latest predictions point to another increase from this April.
Energy analysts at Cornwall Insight currently predict the Ofgem price cap will rise to £1,785 a year from April, an increase of nearly 3%.
According to Gordon Wallis, Renewable Heating Specialist at Your NRG, the best time to turn down your thermostat is when the clocks go forward and we switch to British Summer Time.
It would mark the third consecutive energy bill increase, after the Ofgem price cap rose to £1,717 a year in October 2024, then to £1,738 in January 2025.
This means if you use more energy, you'll pay more - or use less energy, and your bill will be less.
