Energy Consumer Advice. We advise, you save!
The new Energy Price Cap has been set at a higher rate Ofgem has stated: From today 1 January 2024 the price for energy a typical household who use gas and electricity and pay by Direct Debit will go up by £94. This will take the energy price cap from £1,834 to £1,928 per year. […]
The energy price cap for October 2023 has been set at £1923 The previous price cap was set at £2074. The new capped rate equates to a little over 8% cheaper. How does the Price Cap work? The Price Cap is set by Ofgem. Your supplier must not charge more than the amount that has […]
Huge increase on Gas and electricity prices from April 1st 2022 OFGEM have announced an average of 54% will be added to energy prices from 1st April 2022. Why such a big increase? Since the last price cap on October 1st 2021, suppliers have been trading at a loss due to the unexpected increase in […]
Energy price increases have been set for October Every 6 months, in April and October, OFGEM set the new price cap rates for gas and electricity. The price cap has now been set for October 2021. OFGEM has stated: Since we last updated the level of the cap in February, wholesale gas and electricity prices […]
Every 6 months, OFGEM announce a new energy price cap. This is the price cap information for April 2021. What exactly is the energy price cap? The price cap was put in place to protect energy consumers who don’t switch to a cheaper energy tariff. If you are on a standard energy tariff, this […]
The new Energy cap for October 2020 Every six months, OFGEM introduce a new energy price cap. This is the cap for October 2020. Figures are based on average usage Average energy usage of 3100 KWH electricity and 12000 KWH gas is used to give figures for the purpose of showing the maximum a supplier […]
Energy Price Cap April 2020 Ofgem have announced, the next energy price cap, set to be capped in April 2020, will be lowered by an average of £75 for normal credit customers, and £25 for prepay meters. What does this mean? Twice yearly (April and October), Ofgem set the maximum amount that energy suppliers […]
Energy Price Cap October 2019 Ofgem have announced, the next energy price cap, set to be capped in October 2019, will be lowered by an average of £75 for normal credit customers, and £25 for prepay meters. What does this mean? Twice yearly (April and October), Ofgem set the maximum amount that energy suppliers can […]
