personal finance

Ofgem energy price cap update: What does it mean for YOUR bills? – explained

Ofgem has opted to make price cap updates more regular, meaning, from this month, they will happen four times a year.

Instead of April and October, people can expect reviews in January, April, July and October.

The plans will, according to experts, help energy companies stay afloat in a troubling environment.

But they will likely offload some of the burden onto British bill-payers as energy companies reconsider pricing more regularly.


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