default tariff cap
In 2023, EDF transitioned from losses to profits, driven by increased nuclear power generation and high energy prices in Europe
Forecasts for the April 2024 default tariff cap suggest a 14% decrease, projecting an annual cost of £1,660 for a typical dual fuel consumer
Analysts have lowered their predictions estimating that the winter cap will be £2,512
Under the new proposals, the price cap could be reviewed every three months
Industry has responded to the new price announced earlier by the energy regulator
New research finds that the gap between the cheapest energy deals and price cap has shrunk to the lowest ever level
The regulator is consulting on its proposals to recover debt-related costs that have resulted due to the coronavirus pandemic
The regulator says it welcomes responses from suppliers and consumer groups, as well as stakeholders and the wider public