Energy Cap Rising 

From 1st January 2024, the energy rate for typical households paying by direct debit will increase by just over 5% – up from £1,834 to £1,928 per year – as reported and regulated by Ofgem. 

1 October to 31 December 2023, Price Cap Level: £1834

1 January to 31 March 2024, Price Cap Level: £1928

But what does this mean for you? The team here at T&K have taken a deep dive into energy tariffs to demystify the market and help you save money on your bills with double or triple glazed home improvements. 

There’s never been a better time to future-proof your home against the cold and energy cap rises – not to mention security risks and to enhance its style. Talk to T&K today about our high performance windows, doors and living spaces, and how we can improve your home. 

Energy Cap Explained 

Every three months, Ofgem reviews energy supplier charges and sets a level for how much they can charge for each unit of energy. This ‘energy cap’ was put in place to prevent homeowners on variable tariffs from receiving ridiculously high bills from energy providers. 

It is calculated from wholesale energy charges that the suppliers themselves pay. Therefore, an increase in the energy cap can be traced back to the wholesale cost of gas in recent months. Global conflicts like the events in the Middle East have impacted this, so there are lots of factors at play here which influence the energy cap and, therefore, your monthly bills. 

Despite how it sounds, the energy cap doesn’t actually cap how much you might have to pay. Put simply, the more you use, the more you pay. It is the rates themselves that are capped. 

Plan for the Future 

With the rise in capped energy prices for this quarter, who knows if this will increase again in future? As mentioned above, socio-political factors affect the cost of energy, and these then influence how much you pay. While the conflict in the Middle East is enough to worry about as it is, on top of that, it’s going to make you question whether you turn your heating on or not. 

To avoid too much anxiety around energy prices and paying your bills, you need to future-proof your home. You can’t do anything about external factors like war and base energy costs, but you can ensure that your windows, doors and living spaces are thermally efficient. 

Double or triple glazed windows are much more energy efficient and therefore cost-effective in the long run than single glazed windows – or even older profiles that have seen better days. Now is the right time to invest in the future of your home with T&K. 

Energy Efficient Improvements from T&K 

Here at T&K, we manufacture and install the highest quality windows, doors and living spaces on the market. Choose industry-leading double or triple glazed windows, direct from the factory – supplied, surveyed and fitted all in one by the experts. 

Use our Energy Saving Calculator to see in real monetary terms just how much you can say when you make the right choice and replace your old windows. Or, for more information, we welcome you to call our team on 01933 677444 or use our online window and door designer.