26/08/2026
Ofgem announced the new price cap this morning. From October, gas bills go up by 8%, while electricity bills stay much the same. That is partly because the Government has removed VAT from electricity, which has offset almost all of the increase on that side. People on heat pumps will not feel this price cap increase as much as those on gas.
Gas is bought and sold on international markets, so when prices rise abroad, households here pay more a few months later. There is nothing an individual homeowner can do about that.
If you have been thinking about a heat pump, a Heat Geek assessment will tell you what coming off gas would involve for your home and what it would cost. Homeowners in the West of England can have one for £50 until 31 August, and for £125 after that, which is still half price 👉https://homeowners.retrofitwest.co.uk/assessments/