It is important to note that the price cap relates to the maximum that companies can charge for units of energy, not the limit that you can pay for your bill - if you use more energy, you’ll pay higher bills.
Ofgem have announced the new energy price cap which starts from April - and which has risen by 6.4 per cent, marking a third straight increase.
EDF Energy have predicted that the price cap could rise again in July and October by smaller amounts, between one and three per cent, before stabilising by January 2026.
In the short term, that means fixing the broken energy market so that everyone’s basic energy needs can always be met, while speeding up the investment in renewables that will give us clean, affordable energy for the long term.”.
Ofgem is the regulator which sets the maximum rate that households can be charged for energy, using the price cap to ensure customers are not excessively paying for gas and electricity.
