price cap
The rate change will add around £35 a year to the average annual power bill for nearly half a million households
Consumer bodies are calling on householders to shop around and switch to a better deal
The default price cap will reduce from £1,254 to £1,179 from 1st October until March 2020
Ecotricity, Good Energy and Green Energy UK can charge consumers above the standard variable tariff rates limit set by Ofgem
A revised methodology to calculate the cap means customers would pay an extra £1 a week on average
Price comparison service uSwitch says customers will be automatically rolled onto more expensive tariffs once contracts end in in July, August and September
Look After My Bills suggests both the frequency and severity of price hikes could reach unparalleled levels this year
The energy supplier will have to make a total payment of £390,000 after charging customers above the price cap
The competition watchdog intends to adjust the methodology used to calculate its prepayment price cap ‘in order to better reflect costs’
That’s an increase of 29% compared to the same month in 2018
Popular Posts
-
Banks Renewables behind CfD legal challenge
-
‘COP26 to be most important climate meeting since Paris Agreement’
-
US blacklists Chinese nuclear firm involved in UK Hinkley Point C project
-
Power cut: Government sets out scope of investigation
-
EDF Energy chosen to take on Solarplicity’s customers
-
Didcot demolition leaves 40,000 households without power
