UK energy regulator Ofgem is consulting on a one-off increase in the retail price cap, in a bid to help suppliers struggling with record-high levels of energy debt. Ofgem has proposed lifting the price cap by ￡16 for affected customers with typical dual-fuel consumption from April 2024-...
April 2024 - July 2024£1,690£3,000 July 2024 - October 2024£1,568N/A October 2024 - January 2025£1,717N/A January 2025 - April 2025£1,738N/A Periods in which the Energy Price Guarantee was used to cap unit rates instead of the price cap are indicated individually. ...
·Additionality- that through customers choosing the tariff, support is provided to renewables beyond existing subsidies and other schemes. ·Cost- that the costs of operating the tariff are greater than those which are subject to the price cap and that this is attributable to the additional suppor...
Updated on 22 November 2024 Share On this page What is Ofgem and why do we need it?What powers and responsibilities does Ofgem have as energy regulator?Ofgem and the energy price capDoes Ofgem set the price of energy?Ofgem and the Confidence CodeHow does Ofgem regulate energy companies?
UK energy regulator Ofgem is consulting on a one-off increase in the retail price cap, in a bid to help suppliers struggling with record-high levels of energy debt. Ofgem has proposed lifting the price cap by ￡16 for affected customers with typical dual-fuel consumption from April 2024-Marc...
The energy regulator considers what a future price cap might look like, and invites opinions from charities, consumer groups, businesses, bill-payers and suppliers.
The next price cap announcement - covering January to March 2024 - will be made in three months' time. Read more: Cost of living latest - as supermarket cuts prices How will energy price cap affect your bills? 'Millions' will pay more ...
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...
More on Energy Price Cap Energy price cap now expected to rise in April as bills increase again in January Energy price cap rises again - with cost of bills expected to stay high for months Energy bills to rise again from January but spring falls to come, research firm Cornwall...