Page 20 - Ofgem News Today

The Ofgem energy price cap is forecast to fall but bills are set to include a "temporary" charge to help tackle record levels of debt with many people behind on payments

The Ofgem price cap limits what you pay for each unit of gas and electricity you use, as well as putting a cap on standing charges, which are fixed daily amount you have to pay for energy

Households are to be offered free replacements for broken smart meters after a rash of failures threatened to leave many consumers with no way of monitoring their energy consumption.

It is of course good news that the Ofgem price cap for a dual fuel household bill will fall from £1,928 to £1,690 from April (that is the bill paid by the average householder). It means that there should be strong downwards pressure on inflation (the Consumer Prices Index) in April. Barring a jolt in

Ofgem has announced the new price cap that will take effect in April.

Martin Lewis has given his breakdown on what the new lower Ofgem price cap means for you, including how much less you'll pay and a way to undercut it by roughly 3%

Ofgem said that while the drop was good news for consumers there were still challenges in the energy market, with a record 3.1 billion pounds in unpaid bills

Energy regulator Ofgem has today (Friday 23 February, 2024) announced a significant reduction of the energy price cap for the second quarter of 2024. 

Package of measures to help customers 'make the most of cheap, low carbon power' through flexible tariffs announced as Ofgem confirms slight drop in energy price cap

The typical energy bills are predicted to drop from £1,928 per year to £1,656 from April 1 for UK households including British Gas, OVO, EDF, E.On and Octopus customers