price cap

The energy supplier said it will assess the market outlook in February 2022 before making a final decision on changing direct debit payments to reflect the increase to the SVT

Energy bills for customers on default tariffs are set to increase by around £139 a year

Some customers could even see their energy bills jump by £371, a new report suggests

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