price cap

Analysts predict default tariff price cap is set to increase by more than £100 a year this winter

Starting from next month, many customers will need to pay an average of £69 more a year for their electricity and gas consumption

The new price cap, which comes into force today, will increase by £96 to £1,138 for 11 million default tariff customers

Around 2.3m customers’ bills will rise to £1,138, the maximum amount suppliers can charge in line with Ofgem’s energy price cap

Ofgem announced a new price cap today – but what does the energy industry think?

The change, from 1st April, is estimated to affect 15 million customers

The ‘Adjustment Allowance’ was introduced in winter 2020 to help suppliers deal with the economic fallout

The regulator is consulting on its proposals to recover debt-related costs that have resulted due to the coronavirus pandemic

The government claims the move will see around 11 million households across the UK make savings on their energy bills

New research from comparethemarket reveals domestic switching levels have fallen since the energy price cap was introduced in January 2019