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.
Articles tagged with: default tariff price cap
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.