British Gas customers with 'four weeks' left to act issued warning

NewsBritish Gas customers with 'four weeks' left to act issued warningThe price cap is set to be revised in July but it's unlikely to be enough to offset the huge surge in costs that we saw

last yearhuddersfieldexaminerBookmarkShareCommentsNewsByJames RodgerContent EditorTom KershawContent Editor14:45, 30 MAY 2025BookmarkThe price cap is set to be revised in July but it's

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Millions of British Gas customers have been advised to "lock in" to the company's fixed-rate tariffs, which offer savings compared to the upcoming July price cap. Despite this, the

average household will still face an annual energy bill increase of approximately £600 compared to pre-2022 rates, prior to Russia's invasion of Ukraine.

The energy price cap, implemented by the government in 2019, restricts the rates charged to customers on standard variable energy tariffs. Ofgem reviews and sets the cap every January,

April, July, and October, reports Birmingham Live.

British Gas cautioned: "Ofgem has announced that the energy price cap will decrease on July 1, meaning variable tariff rates will go down. Our fixed price tariffs are even cheaper than the

July price cap, allowing you to lock in a low rate now and avoid potential price rises if variable rates increase later."

The price cap is determined by Ofgem, which calculates the costs incurred by energy suppliers in providing gas and electricity to customers. These costs encompass wholesale energy purchases,

supply pipe maintenance, wiring, and operational expenses.

According to British Gas: "On 23rd May, Ofgem announced that energy unit prices and standing charges will decrease from 1st July 2025. If you're on a variable tariff, this means

you'll pay less for your energy."

"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 Ukraine, 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."

If you're secured in a fixed tariff, you won't be impacted by the price cap as your rates are set for the duration of your contract. British Gas assures customers: "We won't

increase the price you pay, unless the government increases VAT. You can check what tariff you're on in your online account."