Why July Is the Right Time to Rethink Your Energy Bills - Even in the Summer
It might be one of the hottest weeks of the year, and heating costs are probably the last thing on your mind - but energy experts are urging households across the UK to take action now.
From 1 July, Ofgem’s price cap has dropped to £1,720 for a typical dual-fuel household - a welcome change from the previous £1,849. A further slight fall is forecast in October, down to £1,697. But don’t get too comfortable.
Voltaware app displays potential energy savings for a UK home
A Long-Term Rise is Coming
Ofgem has just approved £24 billion to upgrade the UK’s ageing energy infrastructure. That includes:
This is aimed at improving energy security, integrating more renewables, and protecting consumers from future gas price spikes
But it comes at a cost: households are expected to pay £104 more per year by 2031 to help fund this investment. Some suppliers are already forecasting price rises before then - Octopus Energy, for example, predicts a jump to £1,758 in October.
So, Should You Fix Your Tariff?
Maybe. But the decision shouldn’t be based on guesswork.
The price cap reflects a typical home - not yours. Your actual usage may be much higher (or lower), depending on your appliances, habits, and how energy-efficient your home is.
With Voltaware’s smart energy monitor, you get:
In short, you get control.
Don’t Wait for Winter
Taking five minutes to understand your energy use this summer could save you serious money later this year. Prices might drop short-term - but long-term, the trend is upwards.
👉 Discover how Voltaware can help you cut waste and stay ahead of rising costs.