Overview

• From 1 October, the cap lift adds about £2.93 a month to a typical default‑tariff bill, moving roughly from £100 to £102.
• Martin Lewis is urging households to move off standard tariffs to a fixed deal before the change, with potential savings of around £200 a year for some.
• Lewis says about two thirds of homes are on the capped standard tariff, while separate figures indicate roughly 37% are already on fixes.
• Ofgem’s Tim Jarvis reports improving market signs with more customers on fixed tariffs, rising switching, higher satisfaction and fewer complaints.
• The rise is largely driven by standing charges, and consumers are advised to use comparison services, submit a 30 September meter reading if needed, and consider direct debit to keep costs down.