UK regulator raises electricity price cap

uk regulator raises electricity price cap

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Annual energy bills for British households would hit about $5,200 without emergency support, according to Ofgem
British energy regulator Ofgem has announced plans to hike its price cap for average household energy bills by nearly 21% to £4,279 ($5,172) a year from January to the end of March 2023. Ofgem said the cap, which is currently being adjusted on a quarterly basis, will increase by £730 for the three months from the beginning of 2023. The hike came ahead of the government’s freeze at £2,500 until April. “There is no immediate action for consumers to take as a result of today’s announcement,” the regulator s

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UK regulator raises electricity price cap

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Russia Today UK regulator raises electricity price cap Annual energy bills for British households would hit about $5,200 without emergency support, according to OfgemBritish energy regulator Ofgem has announced plans to hike its price cap for average household energy bills by nearly 21% to £4,279 ($5,172) a year from January to the end of March 2023. Ofgem said the cap, which is currently being adjusted on a quarterly basis, will increase by £730 for the three months from the beginning of 2023. The hike came ahead of the government’s freeze at £2,500 until April. “There is no immediate action for consumers to take as a result of today’s announcement,” the regulator s

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