price cap

Around a quarter of a million households on the standard variable tariff are expected to save around £80 on average a year

Around 47 deals are scheduled to run out at the end of January, which means many customers will be rolled on to default tariffs that are usually much higher

The regulator said the opening of the probe does not imply any findings have been made about non-compliance by the supplier

Around 11m households on default tariffs saved between £75 to £100 on their dual fuel bills

The firm overcharged around 4,400 of its customers on their default tariff energy bills

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