Ofgem Announces Energy Price Cap Update to Start in April
Energy regulator, Ofgem, announced yesterday (27th February 2023) it’s energy price cap for the upcoming quarter.
From 1st April – 30th June a typical duel fuel household will see a reduction of almost £1,000 per year in energy costs, lowering from its current average price of £4,279 to an annual level of £3,280. The reduction of fees is a direct reflection of the falls in wholesale energy prices
Alongside the governments Energy Price Guarantee (EPG), which from April is set at £3,000, customers will pay no more than £3,000 for a typical bill.
Customers are being advised that no action is needed and that the cap will be applied to their bills automatically.
Ofgem's full announcement can be found here.
The next quarterly update is due at the end of May.
You can view full details on all Energy Support Schemes, for both domestic and no domestic customers here.
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