The energy price cap is a limit on the unit rates and standing charges that energy suppliers can charge for their standard variable tariffs. The rate is set byOfgem, the energy regulator, and is reviewed four times a year. What is the energy price cap currently set at?
The energy price cap is designed to alleviate the loyalty penalty, the premium paid by customers who faithfully stick with the same energy supplier for years. Research has indicated that 11 million households are stranded on these pricey default tariffs, which they were often quietly rolled onto a...
It does not set a maximum price they can charge for energy bills. But 45% of those asked by Uswitch wrongly believe the price cap will be the maximum amount their bills will be. There is also confusion around how often the energy cap changes, in part because the regulator has changed ...
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The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries. The cap proposed by U.S.
The Climate Change Levy (CCL) is a tax designed to make UK businesses more sustainable. It aims to increase business energy efficiency and drive reductions in greenhouse gases.
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Ofgem has announced a drop to its energy price cap from the current £3,280 per year to £2,074 for the average household in England, Wales and Scotland.The change, which will take effect from July 1, is due to falling wholesale energy prices. ...
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