Standard variable tariff
The energy regulator has given the green light for energy firms to boost their profit margins by roughly £2 per year for every typical customer on the standard variable tariff
Ofgem’s latest update on energy tariffs reveals that direct debit customers continue to benefit from the lowest prices
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