Ofgem is lowering its energy price cap from the current £4,279 per year to £3,280 for the average household, effective from April 1, it was announced this morning. Ofgem chief executive Jonathan Brearley said: “Although wholesale prices have fallen, the price cap has not yet fallen below the planned level of the Energy Price Guarantee. This means that on current policy bills will rise again in April. I know that for many households this news will be deeply concerning." If you're going to be affected by this and are struggling with your energy bills, or you have any thoughts on it at the same time as the energy giants make gigantic profits, please share them with us ASAP as this story is BREAKING.

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Ofgem energy price cap announcement

Despite the price cap coming down, bills will go up and government support is wound up. This is another devastating blow for households balancing their budgets in uncertain times. Without a doubt, the government should offer some support, especially now we know that this wouldn't cost them anywhere near as much as was once predicted, but could save people from losing their homes. 

Samuel Mather-Holgate

I have been working in financial services for twenty years. My specialism is later life advice, focusing on inheritance tax planning, pension advice and equity release. 

Oh dear.  More households are to be thrown under even more stress.  The energy price cap coming down means nothing as the EPG (energy price guarantee) is set to rise in April anyway.  Partner that with the government support money ending and we get a 20% rise - again.  Let us understand that the government currently sets the energy prices with the EPG and that is due to go up in April by 20% just as the government support ceases.  Crazy and dangerous - this will not end well.

Fanny Snaith

Fanny Snaith is a Certified Money Coach (CMC)® who lives and works in Cheltenham.

After building a £1m+ net worth from a £40k salary, Fanny was surprised that her wealth didn't bring her the happiness she expected and wanted to know why? 

She trained with the Money Coaching Institute in the USA, studying the emotional connections we have to money and how it impacts the way we spend, save or value it.  Through this work, training as a 121 and couples money coach, she began to understand her money mindset and harness it to her advantage.   

Fanny is now one of the most sought-after money coaches in the UK.  She works with professionals and business owners individually or as a couple to not only help them manage their finances better, but also to understand how their relationship with money not only affects their income and lifestyle but, their whole world.

Fanny is committed to helping the world better understand the meaning and purpose of money in our lives.  She believes that talking about money – discovering and challenging our belief systems about money, can only make us and the world engage better with the wonderful tool and resource money is meant to be.



This cannot be a good thing for the mental health of those already suffering from the terrible squeeze on living costs. We are going to see an increase in anxiety/depression and other such related conditions Doctors are also not well placed to cope with the likely increased demands on their time that will result as a consequence of this. We are already dealing with a multitude of health problems realted to adverse determinants of health

Dr Suhail Hussain

Personal Physician and Home Visiting doctor. Private GP, in the Hertfordshire and Greater London areas, providing personalised health care and bespoke medical services to discerning clients.

Ofgem energy price cap announcement

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Samuel Mather-Holgate

Independent Financial Adviser at Mather and Murray Financial

Fanny Snaith

Owner at Fanny Snaith - Certified Money Coach

Dr Suhail Hussain

Private GP at Dr Suhail Hussain

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3 responses from the Newspage community
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