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Ofgem Price Cap Rises 2% on Oct. 1 as Experts Urge Home Tweaks and Fixed Deals

Households are urged to act now to lock in cheaper rates before winter.

Overview

  • Ofgem’s October update lifts a typical direct-debit dual‑fuel bill from about £1,720 to roughly £1,755, affecting most customers on standard tariffs.
  • Martin Lewis says the cheapest fixed tariffs are around 13% below the October cap, offering immediate savings for many households.
  • Heating specialists warn that overusing thermostats and leaving systems on all day can add hundreds, with roughly 10% higher costs for each degree above about 19–20°C.
  • Tradespeople recommend low-cost steps to cut use: bleed radiators, service boilers, fit radiator reflector foil, seal draughts, install thermostatic radiator valves, insulate pipes, and switch to LEDs and timers.
  • Electricians advise reducing use of energy‑hungry appliances and switching off standby “vampire” devices, including washer‑dryers, tumble dryers, freezers, TVs, consoles, and chargers.