Go.Compare energy expert welcomes the new OFGEM energy price cap drop

Ofgem has today announced that the energy price cap will decrease by £129 to £1,720 from July 1st, down 7% from the previous price cap for Q2 of 2025 which sat at £1849.* 

Gareth Kloet, Go,Compare energy spokesperson, commented: “The news that the energy price cap will fall on July 1st is hugely welcome news for UK households. It comes at a time when many are feeling the strain of household bills.

“In fact, a recent survey commissioned by Go.Compare found that energy bills are the biggest source of financial stress for many people, with 44% – more than one in four – saying they are the bill causing the greatest impact on their mental health.**

“The news of a drop in the price cap is always a good reminder to think about your current energy contract and whether it is offering you the best value for money. We advise customers to take a closer look at their energy options using a comparison site, and choose a plan that best suits their individual needs – whether that means going for a fixed-rate tariff to protect against future price changes, or choosing the flexibility of a variable rate.

“The market is opening up, with new deals appearing regularly – but before shopping around, start by reviewing your current energy usage and the terms of your existing deal. It’s important to check for any early exit fees, as these could reduce or even wipe out any savings from switching. 

For more info on how to switch energy providers, Go.Compare has put together a guide which you can find here.

Small lifestyles changes around the house can make a big difference. Here are some tips to help reduce energy bills and manage costs:

1. Turn off appliances at the plug: Devices left on standby still use electricity. Turn them off completely when not in use, or use smart plugs or standby savers to switch off multiple items at once.
2. Wash clothes at lower temperatures: Washing at 30°C instead of higher temperatures can save energy without sacrificing cleanliness. Only run full loads to maximise efficiency.
3. Use water wisely: Cutting your shower time by just a couple of minutes can reduce both water and energy usage, especially if you have an electric or gas water heater. Also, only boil the amount of water you need. This small change can make a big difference over time.
4. Monitor your energy use: Installing a smart meter can give you real-time insights into your energy consumption. It helps you track how much you're using and spending, while also automatically sending readings to your energy supplier.  By monitoring your usage, you can identify which appliances use the most energy and spot opportunities to cut back and save
5. Switch to energy-efficient appliances and bulbs: When replacing household items, look for those with high energy efficiency ratings (like A+++ for white goods). Also, switch to LED bulbs - they use up to 80% less energy than traditional bulbs and last much longer.

For more energy savings tips, visit: https://www.gocompare.com/gas-and-electricity/guide/energy-saving-tips/.