Standard variable tariff
EDF has introduced the heat pump tracker tariff, promising savings of at least £164 against the standard variable tariff, with additional benefits for off-peak usage
The latest price cap set by Ofgem, is expected to result in the lowest energy bills seen in two years, with typical household bills forecasted to decrease by £238
The upcoming price cap level, starting on 1st April, indicates a 16% decrease in domestic energy prices
The energy regulator has given the green light for energy firms to boost their profit margins by roughly £2 per year for every typical customer on the standard variable tariff
Ofgem’s latest update on energy tariffs reveals that direct debit customers continue to benefit from the lowest prices
Existing customers to pay £50 below new price cap through special rebate
Suppliers allegedly refused to take on new customers in light of the crisis in the energy retail market
Energy bills for customers on default tariffs are set to increase by around £139 a year
The price rise will affect customers on standard variable tariffs
Some customers could even see their energy bills jump by £371, a new report suggests