ElectricityGas Unit rates24.86p per kWh6.34p per kWh Standing charge60.97p per day31.65p per day Will the next energy price cap level be higher or lower? It's difficult to say where energy prices will go because the wholesale market is still so unpredictable. However, EDF regularly examines...
No, Ofgem does not control the price of gas and electricity beyond setting the energy price cap level. The price of energy is set by thegas & electricity suppliers. The energy suppliers say the price of energy is mostly influenced by supply and demand, which affects the cost of buying gas...
The consultation will be launched in November and a decision on any changes will be published in February, when the next price cap will be announced but in time for any changes to be implemented before it comes into effect in April. Some of the energy market'...
APRIL WILL SEE a 12 per cent drop on the UK household energy price cap as wholesale gas and electricity prices have fallen.The Financial Times reports that Ofgem has set the price cap for April to June period at ￡1,690 a year for a typical household,down from ￡1,928.Gas International...