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energy price cap

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The energy price cap, set by UK regulator Ofgem, limits the maximum price households pay for gas and electricity. Recent forecasts from consultancy Auxilione predict the cap could rise above £6,000 per year by April, more than tripling from its current level of £1,971. The cap is expected to increase to £3,576 in October, then £4,799 in January, before reaching £6,089 in April, driven by volatile gas prices. This tag covers discussions and news about the energy price cap, its impact on household bills, and expert predictions on future changes.
  1. whoosh

    NEWS Price cap seen to breach £6,000 for first time in grim new forecast

    The energy price cap could rise above £6,000 a year for the average household by next April, according to a grim new forecast. Consultancy Auxilione made the prediction based on Friday’s gas price amid continuing volatility in the market. The cap for the maximum price households can...
    • whoosh
    • Thread
    • energy price cap gas price forecast household bills ofgem
    • Replies: 1
    • Forum: The Water Cooler
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