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UK Energy Bills Seen Rising 12% in July as Fixes Reopen Below Cap

Ministers are drawing up plans to uncouple electricity prices from gas to curb bill shocks from global energy swings.

Overview

  • Cornwall Insight, which updated its view Friday, now puts the July–September price cap at about £1,837 for a typical dual‑fuel home, roughly 12% above April’s level.
  • Cheaper fixed‑rate deals have returned, with options from Fuse, Outfox and EDF priced around £1,574–£1,690 and offering savings of roughly £200 versus July forecasts.
  • British Gas offered a £1,610 fixed deal through Compare the Market, with a 23:59 Friday, April 17 deadline and £50‑per‑fuel exit fees.
  • MoneySavingExpert’s Martin Lewis urged households to leave standard price‑capped tariffs now, saying current fixes can beat today’s cap and dodge the expected summer rise.
  • Ofgem cut the April cap to £1,641 after some green charges were moved off bills, and the regulator sets the final July level by May 27.