Energy Prices

Go.Compare comments on the extension of the Energy Price Guarantee

Gareth Kloet, Go.Compare’s energy spokesperson, comments on the news that the government’s Energy Price Guarantee will be extended for three months:


“The news that the government plans to keep the Energy Price Guarantee in effect at its current level of £2,500 will come as a relief to many, and means households will be protected from high energy rates for a further three months. The EPG was introduced last year, in April, to shield households against rising energy prices by limiting the amount suppliers can charge per unit of energy used as the Energy Price Cap began to rise.

“In February, the Energy Price Cap dropped slightly for the first time in over a year, but at its current level – of £3280 – it is still significantly higher than the EPG at £2,500. This means that for the next three months while the EPG remains in place, households are protected against any further rises to their energy bills. This is a much-needed piece of good news, though we would urge the government to continue offering support until the cost of energy drops enough to become affordable once again, as well as committing to improve the UK’s long-term energy stability by investing in energy production.

“With energy bills due to hold steady, it isn’t as crucial for bill payers to take a meter reading on the eve of the price cap increase – which comes into effect on 1st April – but we would still recommend taking regular meter readings. This will help you keep track of your energy usage and plan ahead for your bills, as well as making sure your energy provider doesn’t have to rely on estimates – which could be higher than your actual usage. Understanding your energy spend will also help you make informed choices at home, and understand the impact of any energy saving measures you are taking.

“Remember that if you are struggling to pay your energy bills, your provider can help you work out a way forward, so always contact them in the first instance. They will usually offer you a payment plan and additional advice about changes you can make in order to help you get on top of your bills.”

Find further tips and guidance on how to save energy, here:

Contact Information

Rosie Johns

Notes to editors

For further information please contact:

Lynsey Walden or Kath Chadwick at Go.Compare on or

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Notes to editors

About Go.Compare

Go.Compare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.

It does not charge people to use its services and does not accept advertising or sponsored listings, so all product comparisons are unbiased. Go.Compare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.

When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. It is this approach to comparing products that secured the company an invitation to join the British Insurance Brokers’ Association (BIBA) in 2008, and it is still the only comparison site to be a member of this organisation.

Go.Compare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest and works with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.

Go.Compare is part of Future Plc and is authorised and regulated by the Financial Conduct Authority (FCA).

More information can be found here or here