Huge boost for EVERY energy customer next week as bills drop by £129 offering relief for millions of households
good energy Huge boost for EVERY energy customer next week as bills drop by £129 offering relief for millions of households
A HUGE £129 boost is set to offer relief for millions of energy customers next week.
A typical household's annual gas and electricity bill cost will be reducing by £129 - for a dual-fuel household.
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A big £129 boost is coming for energy customers next week
Credit: Getty
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Customers have been given a warning ahead of July 1 price changes
Credit: Getty
What's happening?
This will see customers from every energy firm - such as British Gas, Octopus, OVO, E.on and EDF - receive the boost.
Energy regulator Ofgem announced prices for households on standard variable tariffs will be reduced by 7% on July 1.
The price will drop from £1,849 to £1,720 - making for a reduction of £129.
Furthermore, from Tuesday, the unit rates will be decreased for both gas and electricity - in addition to the standing charges.
It will see electricity cost 25.73p per unit, having been reduced from 27.03p.
Meanwhile, the standing charge will decrease from 53.80p per day to 51.37p.
As for gas, the unit rates will have slight reductions with 6.99p to 6.33p, as well as standing charges decreasing from 32.67p to 29.82p.
In its announcement, Ofgem said: "Between 1 July and 30 September 2025, the energy price cap is set at £1,720 per year for a typical household who use electricity and gas and pay by Direct Debit.
"This is a decrease of 7% compared to the cap set between 1 April to 30 June 2025 (£1,849).
'The price cap also makes sure that prices for people on a standard variable tariff (default tariff) are fair and that they reflect the cost of energy."
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Am I covered by this?
Customers are covered by the price cap if they pay for electricity and gas by either Direct Debit, prepayment meter, standard credit or Economy 7 (E7) meter.
For people not on a fixed deal, their prices will be changing from 0.01am on Tuesday.
Previous warning
Millions of energy customers were warned to make an essential bill check ahead of the price cap change.
Households on standard variable tariffs without a smart meter should make it a priority to submit their electricity and gas meter readings to their supplier as close to July 1 as possible.
This ensures they are billed accurately at the new, lower rates.
Failing to submit readings could mean some of your usage after this date is charged at the previous, higher rates.
4 ways to keep your energy bills low
Laura Court-Jones, Small Business Editor at Bionic shared her tips.
1. Turn your heating down by one degree
You probably won't even notice this tiny temperature difference, but what you will notice is a saving on your energy bills as a result. Just taking your thermostat down a notch is a quick way to start saving fast. This one small action only takes seconds to carry out and could potentially slash your heating bills by £171.70.
2. Switch appliances and lights off
It sounds simple, but fully turning off appliances and lights that are not in use can reduce your energy bills, especially in winter. Turning off lights and appliances when they are not in use, can save you up to £20 a year on your energy bills
3. Install a smart meter
Smart meters are a great way to keep control over your energy use, largely because they allow you to see where and when your gas and electricity is being used.
4. Consider switching energy supplier
No matter how happy you are with your current energy supplier, they may not be providing you with the best deals, especially if you've let a fixed-rate contract expire without arranging a new one. If you haven't browsed any alternative tariffs lately, then you may not be aware that there are better options out there.
Suppliers who have not received meter readings rely on estimated usage, which could lead to households being overcharged.
However, even if you take your meter readings near July 1, you don't need to submit them immediately.
Many suppliers allow extra time for customers to provide their readings.
Some offer a few days after the price cap changes to submit backdated readings, while others may allow up to a week or more.
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