Why your energy bill may have just shot up 180% - The Times

If you have just had a new energy bill that you don’t understand, you are not alone.

Suppliers have been letting customers know how much they can expect to pay when the price cap set by the energy regulator Ofgem goes up 54 per cent on April 1.

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The price cap limits the amount suppliers can charge per unit of electricity and gas, but it applies only to customers on standard variable tariffs (SVTs), which can fluctuate in line with wholesale energy prices. From April 1 the cap will work out at £1,971 a year for the average household usage — up from £1,277. If you are on a fixed-rate deal you won’t be affected by the cap rise but could be paying more or

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2022-03-05 00:01:00Z
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