The Ofgem energy price cap only applies to so-called default tariffs, also known as standard variable tariffs (SVTs). So an EV tariff will only be covered by the price cap if it falls into this category. But, a standard variable EV tariff will be a bit different from a typical househol...
What is a standard variable rate energy tariff?How can I check if I’m on a standard energy plan?How to change from a standard energy planWhat are the benefits of a fixed plan? What is a standard variable rate energy tariff? A standard energy plan (or standard variable rate tariff) ref...
Standard variable tariffs (SVTs) act as an energy supplier's default tariff, and are usually the most expensive types of tariff on the market. When you roll off a fixed price energy tariff, you could end up paying hundreds of pounds more if you don't switch again; this is because you...
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The energy price cap is a legally enforced upper ceiling on the amount energy suppliers can charge customers on standard variable and default energy tariffs. It was instituted by an act of Parliament – the Domestic Gas and Electricity (Tariff Cap) Act – and is administered byOfgem, the energ...
The S&P can be extremely volatile over short timeframes. From the S&P’s peak in February 2025 to the end of the trading day after U.S. President Donald Trump rolled out his“Liberation Day” tariff plans, the index was down more than 17 percent. Even with that gut-wrenching drop, longe...
Effective immediately, all goods coming from Mexico and Canada, with the exemption of Canadian energy products, are subject to a 25% tariff. Goods coming from China are subject to a 20% tariff. As the countries vowed retaliatory tariffs on the US, Commerce Secretary Howard Lutnick said again...
What seems clear though is that Trump has largely adhered to his non-inflationary growth strategies to aim for the “Golden Age of America”. It would not surprise us if the special 10% tariff on Canadian energy exports is finetuned or even scrapped, as gasoline prices are a key driver ...
In 2022, the EU implemented a novel carbon border tariff for imports like steel and cement from hard-to-abate industries. However, this policy leaves out leather produced from deforestation and other examples of environmental and social harm. A large area of supply chain financial flows is ...
If this is the case for you, be aware that you should still switch because you'll be rolled onto your supplier's standard rate tariff. This is almost always an expensive deal. What type of energy tariff should I switch to? Finding a cheaper energy plan depends on a whole host of facto...