Around 2.3m customers’ bills will rise to £1,138, the maximum amount suppliers can charge in line with Ofgem’s energy price cap

Ofgem announced a new price cap today – but what does the energy industry think?

The change, from 1st April, is estimated to affect 15 million customers

The ‘Adjustment Allowance’ was introduced in winter 2020 to help suppliers deal with the economic fallout

The regulator is consulting on its proposals to recover debt-related costs that have resulted due to the coronavirus pandemic

The government claims the move will see around 11 million households across the UK make savings on their energy bills

New research from comparethemarket reveals domestic switching levels have fallen since the energy price cap was introduced in January 2019

The energy market regulator also lowered the level for prepayment meter customers from £1,164 to £1,070 per year

Household energy bills could soar by £50m as 90 fixed energy deals end in April, according to a new survey

The supplier will refund and compensate 3,430 Warm Home Discount customers for charging them above the default tariff cap level