Ofgem announced a new price cap today – but what does the energy industry think?
The energy regulator said the change is due to record gas prices
EDF dual-fuel customers will pay £1,138, an increase of £96
The energy supplier says this change is due to the ‘dramatic’ fall in energy demand during the lockdown
A total of 11m homes on standard variable tariffs will see a reduction of £17 a year
Centrica applied for a judicial review after the regulator announced a change to the methodology used to set the opening price cap of £1,137 a year at the beginning of January
The default price cap will reduce from £1,254 to £1,179 from 1st October until March 2020
The Big Six supplier said the ‘voluntary enhanced redundancy opportunities’ cover both its customer service and smart meter installation teams
As another supplier raises to the price cap, is it really going to offer consumers better deals?
More than 154,000 customers will see their tariffs rise to £1,254 a year, in line with Ofgem’s energy price cap