Default Tariff Cap News Today

The average UK energy bill is set to fall by £268 in April, according to the latest analysis from Cornwall Insights.

Britain’s energy bill crisis is not over: Ofgem’s imminent confirmation of the Q4 2023 price cap is expected to show that annualised typical energy bills will be above £1,900 from October, close to double those before Russia’s invasion of Ukraine, and only a little below the effective level of £2,100 from last winter that resulted … Continued

Ministers urged to scrap the cap as Britain’s inflation crisis persists

The energy price cap is keeping bills artificially high and fuelling inflation, an influential think tank has warned.

Households on certain energy tariffs could end up paying more for energy than they would under Ofgems Energy Price Cap.

Cornwall Insight has confirmed that the latest forecasts for the Default Tariff Cap have seen energy bill predictions fall to £3,208 from April 2023 as a result of positive gas storage and demand reductions in Europe.

FTSE 100 finishes in positive territory but off best levels after weak ISM data PM promises to halve inflation this year Falling gas prices could boost...

FTSE 100 finishes in positive territory but off best levels after weak ISM data PM promises to halve inflation this year Falling gas prices could boost...

​The Default Tariff Price Cap has been set at £4,279 for the first three months of 2023, Ofgem has announced.

Industry urges Business Secretary to rethink legislation that would give government sweeping powers over energy market in light of change of Prime Minister