What is happening with the price cap? Today Ofgem, the energy regulator, has announced that there will be a price cap cut of £75. However, while the change was announced earlier today, it actually takes effect on the 1st of October. The price cap affects an energy company’s standard variable tariff and the price is […]
Price Cap
Unexpected consequences of the price cap
The energy price cap was first introduced as a way of protecting the most vulnerable customers from being ripped off. Far, far too many people have been overpaying for their energy bills (still an estimated 11 million) and no one is under any illusion that the energy market is fair to consumers. The energy price […]
Energy price cap adds £1.1 billion to people’s bills
This week, Ofgem, the energy regulator is reviewing the price cap. It’s widely expected that the price cap level – currently at £1,137 – will increase by around £100. Our new research shows that this will add a huge £1.1 billion to people’s energy bills. Join over 500,000 members and stop overpaying for your gas and […]
Post energy price cap deals – don’t fall for them!
Speculation has long been brewing around what the fall-out would be when the energy price cap finally came in earlier this month. The energy price cap is the threshold at which an energy supplier can set their standard variable tariff. This is currently no higher than £1137. You can read our full blog on the energy price cap here. […]
Energy price cap… the biggest misunderstanding
On the 1st January 2019, the government energy regulator, Ofgem, are introduced an energy price cap for customers on expensive tariffs. It sounded good on the surface… But when suppliers are forced to lower the cost for those paying more than the price cap, they plan on raising prices for those below it to subsidise […]