The Government Price Cap is a limit on the amount energy suppliers can charge for gas and electricity. Introduced by Ofgem, the UK’s energy regulator, it was designed to stop companies from overcharging customers who are on standard variable tariffs. Essentially, it sets a maximum price per unit of energy, plus a daily standing charge. This cap is reviewed every three months, with the next adjustment set for July 1st.
The big question on everyone’s mind is whether this cap will go up. With ongoing fluctuations in energy markets and global supply challenges, there’s a strong possibility that prices may increase. For students living in shared accommodation, this could mean higher bills just as summer kicks off.
If the price cap goes up, energy suppliers can legally charge more per unit of energy. For students, this can mean higher costs for electricity, gas, and even water if you’re on a combined package. If your student accommodation includes bills, you might be somewhat protected in the short term—but don’t be surprised if rent prices adjust to reflect increased utility costs.
If you’re managing your own bills, this is where things can get tricky. Energy costs are already high, and an increase could add even more strain to a student budget. Splitting bills with housemates might soften the blow slightly, but it still means more money leaving your bank account each month.
One way to shield yourself from these price hikes is to consider a bills package. Services like Housr Bills bundle everything—gas, electricity, water, and broadband—into one predictable monthly payment. It’s a way of locking in your costs, so you’re not caught off guard if the cap does increase.
If you’ve been putting off thinking about your energy bills, now’s the time to act. With the price cap potentially rising, it’s a good opportunity to compare providers or look into student bills packages that offer fixed rates. It’s not just about saving money; it’s about protecting yourself from nasty surprises down the line.
Here’s what you should consider:
If you decide to go with a bills package, some services offer extras that make student life easier. For example, Housr Bills includes:
It’s not just about paying your bills—it’s about simplifying your life.
The best way to get ahead of any changes is to be prepared. Start by reviewing your current bills and understanding your energy usage. If you’re sharing a house, sit down with your housemates and make a plan for how any increase will be managed. If you’re already feeling the pinch, consider moving to a fixed-rate package or exploring a service like Housr Bills to stabilise your monthly costs.
And remember, a little planning now can save a lot of stress later. If the price cap does rise, you’ll be ready for it.
Want to make student bills hassle-free? Get a quote with Housr Bills today and avoid the stress of price hikes.
Housr – The Home of Student Living.