Would it really be trying it on? Could it not be trying to cushion the blow by spreading the increase over a longer period?
Consider the mythical, non-existent “typical household” on standard variable tariffs for both gas and electricity. Their annual cost at the moment is around £1,950 per year, which is £165/month
Let’s assume that some of the more pessimistic predictions turn out to be right. Annual costs will be
From October 2022: £3,900 pa. or £325/month
From January 2023: £4,200 pa or £350/month
From April 2023: £4,750 pa or £396/month
From July 2023: Not seen a forecast, assume same as April @ £396 month
So for the year from Oct 22 - Sep 23, the actual total cost will be £4,400, or £367/month. And since April you have been paying £165/month. That’s what you will pay in September, unless your DD changes early.
Now, in October you will get £66 back thanks to the £400 grant, and £67 back from December - March. So if your provider changes your DD every 3 months when the price cap changes, you would be paying (after the grant) as follows:
Sep: £165
Oct-Nov: £259
Dec: £258
Jan-Mar: £283
Apr-Jun: £396
Is that what you want to do? Or would you rather pay it more evenly, e.g. £320/month for 13 months?
£320 in September
£387 October - March (but then get £66/67 back)
£320 April- June.
In these times, people really need to know how much gas and electricity they use in kWh - old bills are a good place to start, but keep an eye on it going forward, especially if you are actively trying to reduce usage. Then take those numbers and multiply them by the pence per kWh you are paying now - and the new rates when they are announced, and forecasts for next year. Then add on those horrible standing charges, add electricity and gas together and divide by 12.
Thats where your Direct debit needs to be - assuming there’s no debt to deal with. If your DD is less than that, you need to set the extra aside somewhere.
Repeat this exercise monthly - forecasts are constantly changing, and your usage might be changing as well. Who knows, the government may actually get off their useless behinds and do something to improve things going forward. You might be able to reduce your monthly payment/savings.
But until then - we each need to keep on top of it. And if you can’t afford to pay the number it comes out at, contact your supplier and ask about the funds or schemes they have which might help.