January 2023 - April 2023£4,279£2,500 (used to cap unit rates) April 2023 - July 2023£3,280£2,500 (used to cap unit rates) July 2023 - October 2023£2,074£3,000 October 2023 - January 2024£1,923£3,000 ...
Since January 2023, Ofgem has been reviewing the price cap quarterly to better adapt to market conditions, ensuring that prices are fair and reflect the actual cost of energy. The upcoming review dates are scheduled for: 25th February 2025 –for the period 1st April to 30th June 2025 26th Ma...
As of 1 October 2024, the energy price cap is £1,717 a year for a “typical household”. This will stay in place until 31 December. But Ofgem has just announced that the price cap will be increasing slightly in the new year: a rise of 1.2% to £1,738 per year. This slightly...
LONDON, Feb. 3 (Xinhua) -- Driven by a record rise in global gas prices, the energy price cap in Britain will increase by half from this April, Britain's energy regulator announced Thursday. The price cap will jump from the current 1277 pounds (1,736 U.S. dollars) to reach 1,971 ...
It should also be noted that the focus groups were held before the April 2022 increase in the energy price cap and therefore situations may have worsened. Table 1 Personal experiences of energy and transport poverty Full size table Even if they were not personally impacted at the time of the...
The energy price cap was increased to £1,717 for a typical annual household bill on 1st October 2024. This equates to an increase of around £12 per month for the average UK household. Worryingly, research by the National Debtline shows that 6.1 million people were struggling to pay ...
December 19, 2023 NEW YORK – December 19, 2023 – OPIS, a Dow Jones company, today announced it has successfully completed its 2023 assurance review of its commodity benchmarks and key price assessments in accordance with the principles for price report agencies (PRAs) outlined by the Internat...
Businesses in Great Britain are not protected by Ofgem’s energy price cap. This means that normally there is no maximum limit a business can be charged for their annual energy consumption. In Northern Ireland, there is currently no such energy price cap for domestic or business customers, howe...
Hey. Good morning, guys. Just maybe starting off on NEP, given the continued pressure from capital markets and the benchmark rates, are you advancing any longer-term resolution plans for the CEPFs? Have existing holders and maybe other infrastructure players showed any interest in transactions to...
"Inflation rose steeply in April, driven by the sharp climb in electricity and gas prices as the higher price cap came into effect," said Grant Fitzner, ONS chief economist, adding around three-quarters of the increase in the annual rate in April came from utility bills. ...