Ofgem has today confirmed (27 February) that the energy price cap will be set at £3,280 for typical dual fuel households. Despite a £1000 reduction from the current cap however, households will see no benefit as bills continue to rise.
During Q2 2022, domestic electricity prices increased by 45% in comparison with the same quarter in 2021, according to the Department of Business, Energy and Industrial Strategy’s (BEIS) Quarterly Energy Prices.
