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Ofgem, the UK energy regulator has confirmed this morning the price cap will increase to £3,549. The increase of over 80% will see typical households pay £300 a month on average for dual fuel. The rise officially comes into force on October 1, however, Ofgem said: “It is possible some suppliers may begin increasing direct […]
Ofgem has announced today (26 August) it will increase the energy price cap to £3,549 per year for dual fuel for an average household once in effect from 1 October 2022.
So Energy is calling on the government to immediately increase the support available for customers to help the nation pay for a “once in a generation energy bill”.
Analysts have released their final “’truly concerning” predictions for October’s Default Tariff Cap (Price Cap) ahead to Ofgem’s announcement on Friday. Energy consultancy Cornwall Insight said today its predictions show a typical household will be paying £3,553 equivalent per year for their energy bills. “As the observation window for Q4 (Oct-Dec 2022), the period of […]
Energy bills could rise to £4,200 a year from January, according to new analysis. The new January forecasts for the Default Tariff Cap (price cap) from Cornwall Insight have risen by over £650, meaning a typical household is now predicted to pay the equivalent of £4,266 a year for the three months to March 2023. […]