The price of energy will skyrocket again in October, Ofgem has warned. Last week it was announced that the energy price cap will rise to £3,549 per year on October 1, for those who choose to pay via direct debit on a default tariff.
This will put pressure on families and households who are already struggling to deal with the ongoing cost-of-living crisis.
The cap is currently set at £1,971, meaning the increase is a huge 80 per cent. To help keep bills down and ensure families are using their appliances the right way, the Mirror has debunked ten common myths about energy usage.
Wrong - the price cap isn't a total cap on your bill. Instead, it's a limit on the rates that your supplier can charge for the energy you use - meaning if you use more gas and electricity, you'll end up paying more.The price cap also sets a maximum rate for the daily standing charge, which is what you pay to have your home connected to the grid.
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