As everyone is painfully aware, energy prices are skyrocketing due in part to the impact of Russia's invasion of Ukraine.
It has helped cause a cost of living crisis in the UK with people searching for ways to save money on bills and switch, or weigh up energy providers. In April, the energy price cap is set to rise by 54% and money saving experts have advised most people to remain with their current energy providers, stick with a capped tariff, or to move once their deal ends as opposed to in the middle of the crisis.
The energy cap was introduced in 2019 by Ofgem to prevent households on different or default tariffs from being ripped off. Ofgem are in talks about changing the energy price cap every three months in order to help suppliers with the drastic changes to the energy market.
