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BBCNEWS BBC News August 6, 2021 09:13:00 - Vimarsana News

BBCNEWS BBC News August 6, 2021 09:13:00

Days where companies charge unfair profits on top of the amount that you pay. but clearly when input costs change, that limit does need to change. now, our advice to people is really clear. we know that this is going to put people in very difficult circumstances and we work closely with charities and indeed with customers themselves, so we would consider encourage every customer who is concerned about this to get in touch with their supplier and make sure they get access to the help and support that is available to them. justina miltonite is from the comparison website uswitch. we have a price...

BBCNEWS BBC News August 6, 2021 10:10:00 - Vimarsana News

BBCNEWS BBC News August 6, 2021 10:10:00

And that price cap limits the amount that people who don't move around, who don't switch supplier to get the best possible tariff, pay. now, what we've done today is, because we've seen a record increase in fossil fuel prices across the board, notjust gas and electricity, but also petrol and diesel, we've had to fed that through to the calculation and into the price cap. what the price cap does is it makes sure we don't go back to the bad old days where companies charge unfair profits on top of the amount that you pay, but, clearly, when input costs change, that limit does need to change. now,...