Standard variable tariff
Existing customers to pay £50 below new price cap through special rebate
Suppliers allegedly refused to take on new customers in light of the crisis in the energy retail market
Energy bills for customers on default tariffs are set to increase by around £139 a year
The price rise will affect customers on standard variable tariffs
Some customers could even see their energy bills jump by £371, a new report suggests
Ofgem announced a new price cap today – but what does the energy industry think?
Almost 1.5 million homes will be hit by price hikes unless they change to a new fixed tariff, according to a new report
The 3.8% increase will come into effect on 1st October 2018
This could happen as they are automatically switched onto more expensive ‘default’ tariffs
New legislation to cap energy prices and help consumers save money is being introduced to Parliament today. The Domestic Gas and Electricity (Tariff Cap) will allow Ofgem to cap energy tariffs until 2020, protecting 11 million households across the UK, who are currently on a standard variable or other default tariffs. The cap, which could […]
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