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Five bills will rise in price tomorrow – from energy to council tax and water

Energy bills will be drastically more expensive from April 1st as the new Ofgem price cap comes into effect, while council tax and water prices also increase

Invoices will be more expensive from April 1st
Invoices will be more expensive from April 1st

The household bills of millions of households are set to increase from tomorrow as the cost of living crisis continues to deepen.

Energy bills will become drastically more expensive with the new Ofgem price cap taking effect, while council taxes and water prices will also increase.

You may find that your mortgage and cellphone or broadband bill also increases starting this month.

If you’re worried about budgeting, we’ll explain everything to expect from April 1st and what you can do to reduce your costs.

We also host a live special on the cost of living on Facebook every Thursday at 1pm every week where we answer all your questions.

energy bills

Energy regulator Ofgem is raising its price cap by an unprecedented 54%, meaning a big slump in household bills.

For those on a standard plan paying by direct debit, the price cap increases by £693 from £1,277 to £1,971.

Prepaid customers will see a bigger jump as their price cap increases by £708 from £1,309 to £2,017.

The price cap applies to anyone with a standard variable tariff – so you’ll stick with it if you no longer have a steady business or if you’ve switched to a new provider after your old energy company collapsed.

How the energy bill crisis is affecting you

But despite what the name might suggest, the price cap isn’t actually a cap on your energy bill — instead, it sets a limit on the rates a provider can charge for each unit of gas and electricity you use.

That means if you use more energy, you pay more, or if you use less, you pay less.

If you are really struggling, talk to your utility immediately to see what support they can offer you.

All major energy companies have charitable hardship funds and grants that you may be eligible for.

Small changes in your home can also make a big difference, like turning off the lights when you leave the room and waking your devices from sleep mode.

Unfortunately, most major energy programs, including Warm Home Discount, Winter Fuel Payments, and Cold Weather Payments, are closing for the year, but they will be available again in the fall.







Electricity bills will increase from April 1st
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council tax

The average Band D council tax rate in England will increase by 3.5% in April. This is up £67 compared to 2021-22, bringing the average bill to £1,966.

Council tax rates vary from country to country. So by how much your bill will increase depends on the rate set by your local authority.

You can search for your council tax class here or check your invoice from last year.

If you’re worried about your council tax rising, it’s worth checking if you’re entitled to a reduction. You can get between 25% and 100% discount.

For example, people living alone receive a 25% discount.

You may also be eligible for help through a Council Tax Support scheme, but this depends largely on your income, the number of people in your household and whether you have children living with you.

Here, too, the maximum discount can be up to 100%.

You may also be able to contest your council tax if you think you are in the wrong banding.

water bills

The average water bill will rise by around £7 to £419 from April, an increase of around 1.7%, Water UK announced last month.

However, this is only the average increase – many areas will see a larger increase of up to 10% on their water bill.

Many people assume that you can’t lower your water bill, but that’s not necessarily the case.

It may be worth investigating whether you would benefit from a water meter – the general rule is if you have more or as many bedrooms in your home as people then it is worth investigating whether you could save some cash.

You can also save water and money by investing in special devices that regulate your consumption. Save Water Save Money website has thousands of free devices that you may be able to claim.

After all, the easiest way to lower your water bill is to use less water in the first place. For example, shorten your shower by just one minute or turn off the tap when brushing your teeth.

cellular and broadband

Pretty much all major mobile and broadband providers are confirmed price increases. Some came into effect in March, others will come into effect from April.

For example, TalkTalk will increase its bills by up to 9.1% from April 1st and Vodafone customers will see a cost increase of up to 9.3% on the same day.

Price increases from O2 and Virgin Media of up to 11.7% will also come into play this month, along with increases of up to 7.8% for three handsets.

If you’re not happy with the price hikes, it might be time to start haggling.







Mobile phone bills will increase from April 1st
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(Getty Images/iStockphoto)

First, compare prices and make note of the best deal – consider how many calls, texts and data you currently use and what speed you need for your broadband.

Once you find the cheapest fare, call your current provider and ask them to match it.

If they can’t beat it, tell them you plan on going to see if that lowers their deal. If they still don’t go away and you no longer have a contract, you should switch to the cheaper provider.

If you’re still on contract, you’ll likely have to pay an exit fee. Consider how much this will cost and whether the saving you would get from moving is worth paying that fee.

mortgages

If you’re a homeowner, you may find that your mortgage is increasing after the Bank of England raised its benchmark interest rate from 0.5% to 0.75%.

The base rate affects certain types of mortgages. If you have a tracker mortgage and interest rates go up, your interest rates will increase as they move in line with the base rate.

Those who have a Standard Adjustable Rate Mortgage (SVR) may see rate increases as it is up to your lender to decide whether to pass the increase on to their customers.

When you have a fixed-rate mortgage, your interest rates don’t change until your deal is closed.

Some banks and lenders have already raised their mortgages in line with interest rates, while others will start bringing in higher interest rates starting this month.

You may not see an increase until May. In any case, your mortgage lender should let you know when your bill goes up.

Not all lenders have confirmed their new interest rates yet.

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https://www.mirror.co.uk/money/five-bills-going-up-price-26601540 Five bills will rise in price tomorrow - from energy to council tax and water

Fry Electronics Team

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