Best energy deals: With the Ofgem price cap rising you should switch

New higher price cap comes into force today and households could save £234 on their energy bills by switching to fixed tariffs The energy price cap hike bites today, raising bills by £96 for millions  Customers could save up to £234 a year by switching to fixed tariffs   We reveal the best deals currently on … Read more

Energy bills set to go up almost £100 for 15m households after Ofgem raises cap

Energy bills could rise by almost £100 for 15million UK households after Ofgem said suppliers could pass on the cost of rising gas and electricity prices to consumers. The London-based regulator said that its price cap for 11 million homes across Britain that are on their supplier’s default tariff could rise by £96 to £1,138 … Read more

Best energy deals: How 67 tariffs beat the new Ofgem price cap

Households could save hundreds of pounds on their energy bill by simply switching supplier, with 67 tariffs currently coming in cheaper than the new price cap level, data shows. Ofgem’s new cap will come into force on Thursday, with the level dropping from £1,126 to £1,042 a year for default tariff customers.  However, customers could still … Read more

Best energy tariffs: Ofgem price cap limit predicted to drop £85

Experts predict Ofgem will drop the price cap limit by £85 when it reveals the new level tomorrow. Currently, the price cap limit is £1,127 for those on standard variable tariffs and £1,164 for customers with prepayment meters. The new cost for both meters will be revealed tomorrow with expectations it will reduce to around … Read more

Households set to see energy bills fall by £20 under new Ofgem scheme

Households could see energy bills fall £20 a year under new proposals unveiled by the industry regulator. Ofgem will spend £25billion to invest in greener energy over the next five years to ‘transform Britain’s energy networks to deliver emissions-free green energy’. However, as part of that scheme, it wants energy network firms to halve the returns … Read more

Energy bills set to fall for 15m households as Ofgem reveals price cap reduction

Energy bills will fall for around 15million households with Ofgem announcing a price cap reduction of £17 a year. This means that households on standard variable tariffs will pay no more than £1,162 on their bills after the cap comes into effect in April – falling from £1,179.  The bi-annual review of the cap by … Read more