Ofgem opens consultation into price cap as high power prices continue to squeeze suppliers
Ofgem is to consult on the energy price cap, as suppliers continue to falter amidst record high power prices.
Articles tagged with: default tariff price cap
Price cap to jump by £139 as energy costs increase 50% in six months
Ofgem has confirmed that the default price cap will rise again in October, as energy prices hit record highs amid the world emerging from lockdown.
Ofgem consults on COVID-19 cost adjustments for next price cap period
With debt related costs back to pre-pandemic levels, Ofgem is considering not adding an additional float to price cap period seven.
Default price cap jumps £96 as wholesale energy prices rebound
The default energy price cap is set to increase by £96 from 1 April 2021, returning to pre-pandemic levels to reflect rising wholesale prices.
Ofgem increases price cap by almost £24 as 'Adjustment Allowance' is approved
Ofgem is to adjust the default tariff price cap by almost £24 in response to growing bad debt as a result of the COVID-19 pandemic.
Customers’ bills to jump with price cap increase of £66 as wholesale energy prices recover
The default tariff price cap is set to increase by £66 from April 2021 as wholesale power prices jump.
Household bills could jump £21 as Ofgem consults on managing ‘bad debt’ through tariff changes
Ofgem is consulting on amending the default tariff price cap, in a move that would increase household energy bills by £21 per household.