BREAKING: Ofgem lowers energy price cap to £3,280 from 1 April, but bills are still expected to rise by 20% as the government's energy price guarantee is set to increase Sky's gurpreetnarwan explains the latest ☟ KayBurley: 📺 Sky 501 and YouTube
Ofgem has today announced the cap on the amount households pay on electricity and gas bills will drop to £3,280 from 1 April.effective from the beginning January to the end of March and reflects the fall in wholesale energy prices.
The price cap sets a maximum amount suppliers can charge per unit of energy and is regularly reviewed by Ofgem. The amount is not the maximum that can be charged - customers using a lot of energy will have higher bills - but instead reflects typical usage levels. which capped the energy unit price resulting in an average household bill of £2,500.
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