energy price cap

Experts expect the price cap on standard variable tariffs which also affects fixed. The new energy price cap will be announced as soon as 11am on Thursday it has been revealed.

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Ofgem the energy regulator will announce the new price cap at 11am.

. After energy bills soared to record highs in 2021 the energy price cap will rise even higher in 2022. Tens of millions of households will be told how much their bills are set to rise from April after energy regulator Ofgem brought forward the announcement from 7 February to 3 February. The cap sets the prices that suppliers can charge for each unit of energy but that does not mean there is a limit to how much people can pay.

Ofgem announced on Thursday February 3 that the energy price cap will rise by more than 50. Millions of households face a painful rise of up to 700 in their energy bills when the price cap is updated next spring analysts have. ENERGY price cap will change following an announcement by the Office of Gas and Electricity Markets OFGEM this morning which could see.

The energy price cap which comes into effect on April 1 will take the average household bill to 1971 a year.

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