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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.