Warning for millions as energy bills to rise by £500 price cap falling
“So we’ll go from one in 10 people to one in five people. That is a huge number of people.
“That’s why we’re saying that the Government has to keep the energy price guarantee where it is at the moment – £2,500.”Estimates suggest that over four million households already face paying around £60 more for energy just because they have one installed.The price cap on energy bills was introduced in January 2019 as a way to ensure that households are not ripped off by their energy suppliers.
It used to be that twice a year Ofgem set the maximum price that households on their supplier’s default tariff would have to pay for every unit of gas and electricity they used for the next six months. But the energy regulator announced a major shake-up in August, stating that the price cap would change
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