energy price cap

It is the fifth energy supplier to announce a hike in tariffs after Ofgem’s energy price cap increase

Around 1.8m customers will see an increase of £117 on their energy bills

Here’s a quick timeline that takes you through it

Ofgem has confirmed the final level of the cap at £1,137 per year for a typical dual fuel customer

It has passed through Parliament and is expected to protect millions of consumers from increases in tariffs

Big Six energy supplier SSE is reportedly mulling an exit from the domestic market as the government sets its plans for the price cap. Reports claim the energy company is discussing plans to sell its customer accounts or spin off the business as a separate listed firm to focus on networks and renewable energy and […]

The Business, Energy and Industrial Strategy (BEIS) Committee is seeking views on the government’s draft energy price cap legislation. It is inviting written submissions on a number of topics including the government’s objective of the bill, i.e. “protecting customers until the conditions for effective competition in this market are in place”. Others include whether it […]

Ofgem has said the government’s proposed energy bill price cap won’t come into effect by this winter. The regulator has suggested it will have to wait for legislation to be passed before it can take action on reducing the cost of standard variable tariffs. The process of passing new rules could take as long as […]

Gas and electricity prices could be capped as soon as this winter. That’s according to Energy Minister Greg Clark, who told the BBC that regulator Ofgem would receive legal backing from parliament to introduce a price cap. When asked if this could mean a change in policy this winter, he said: “Precisely. That’s exactly why […]

Theresa May is being urged to implement an energy price cap by a cross-party group of MPs. Nearly 80 Tory MPs and 116 Labour, SNP and Green Party members have written a letter to the Prime Minister and Energy Secretary Greg Clark demanding the move, in a bid to protect consumers on standard variable tariffs. […]