price cap

He will replace Dermot Nolan at the end of February, who will have held the position for nearly five years

The database was one of the recommendations made by the competition watchdog in 2016 following a two-year investigation of the retail energy market

Ofgem says 30% of the 90,000 people, who had been on a default standard variable tariff for three years or more, switched to a different supplier

However, some very low energy usage customers may see an increase on their bills

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