energy price cap
New energy price cap forecast to be higher than previous expectations
Ofgem changes the price cap every three months based on several factors, the most important of which is the price of energy on wholesale markets.
Ofgem confirms average household energy bills to rise by £94 a year from January
The regulator said the increase was almost entirely driven by market instability and global events, particularly the conflict in Ukraine.
Households set to learn of fresh energy price rise
Ofgem will announce its latest price cap on Thursday.
Energy bills forecast to rise for millions of families from start of January
The typical household will see bills rise by just under £100, experts at consultancy Cornwall Insight have warned.
Coalition calls on Sunak for consultation on energy social tariff
Household energy bills are expected to be around 13% more expensive on average than they were last winter despite the price cap dropping.
Energy price cap to fall amid concerns households will pay more than last winter
The lower cap is still more than 50% higher than pre-crisis levels, while the financial support of last winter has not been repeated.
Bills to rise by £40 for people in small flats this winter despite price cap cut
People in smaller flats are likely to suffer bill rises even though the price cap has been reduced.
Energy bills to rise for many despite reduction in price cap, experts warn
The price cap will help push average annual household bills down by around £151 from the start of October.
Ofgem’s energy price cap – what does it mean for household bills?
Consultancy firm Cornwall Insight currently believes the typical bill will rise again in January by around £150 a year.
Ofgem slashes energy price cap to £1,923
The price cap will reduce from October 1.