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Energy Price Cap: Energy Prices Rise

by posted 1year ago 78 views
BRITISH households will see a massive increase in the cost of energy after regulator Ofgem raised price caps. : More than half of British households will get more expensive energy bills in April after the Office of Gas and Electricity Markets (Ofgem) increased the price cap. The Government office sets maximum prices that can be charged for gas and electricity to those who have not switched suppliers and are on default tariffs. Ofgem insists the increases are “only due to actual rises in energy costs, rather than excess charges from supplier profiteering”.

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