From April this year, around 15 million households will see their energy bills rise by more than £100 a year. The energy regulator Ofgem, says it is lifting the price cap because wholesale prices have risen.
Ofgem sets maximum prices for energy suppliers that can be charged to customers. The new cap could see households typically pay an extra £117 a year.
Dermot Nolan, Chief executive of Ofgem spoke with the BBC: “We can assure these customers that they remain protected from being overcharged for their energy and that these increases are only due to actual rises in energy costs, … Read more