British Gas has announced a price rise from April (Image: Getty)
British Gas has issued an unwelcome message to customers with a hefty price rise taking effect from April – although there is a way you can avoid it.
The energy supplier has issued a message to customers on its website after the latest energy price cap was confirmed.
Regulator sets the price cap every three months, and this determines what customers who are not currently on a fixed tariff will pay.
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Revealing the rise, told customers: “On 25th February, Ofgem announced that the price cap will rise from 1st April to 30th June. If you’re on a variable tariff, your energy costs will increase.
“Q2 2025 starts 1 April – £1,849. Confirmed.”
The firm continued: “The energy market has been more stable recently, but surprises can happen. Global politics play a big role in energy prices. For example, if conflicts in , or the Middle East worsen, wholesale gas prices could go up. This would eventually mean higher bills.
“There’s ongoing talks about how the next price cap is calculated, and other energy rules which could affect prices in 2025, changing these predictions.”
Though it isn’t good news that the cap is going up, the price cap rate is only paid by households not currently on a fix.
That means if you take out a new fixed tariff, you can undercut the price cap significantly.
Right now, British Gas is offering a fix called British Gas Fixed Tariff v32 which will save 4.4% off the current price cap (January to April), which will be a 10.1% saving by April, because prices will rise another 6.4% in April but your price will be locked in position and unable to increase for 16 months.
Other firms’ offerings include E.On Next Fixed 15M v1, which saves 6% against the current cap, rising to 12% from April.