Regulator raises cap for start of 2023 by ÂŁ730 but government limits typical bill to ÂŁ3,000 from April
The energy regulator Ofgem has said its price cap will reach £4,279 from January – but households will be shielded by the government’s emergency intervention to keep a lid on bills.
Ofgem said the cap, which is adjusted every quarter, will increase by £730 for the three months from the start of next year. However, the government’s energy price guarantee (EPG) will limit typical household bills to £2,500. Analysts had expected the cap to sit at about £4,200.
​Regulator raises cap for start of 2023 by ÂŁ730 but government limits typical bill to ÂŁ3,000 from AprilThe energy regulator Ofgem has said its price cap will reach ÂŁ4,279 from January – but households will be shielded by the government’s emergency intervention to keep a lid on bills.Ofgem said the cap, which is adjusted every quarter, will increase by ÂŁ730 for the three months from the start of next year. However, the government’s energy price guarantee (EPG) will limit typical household bills to ÂŁ2,500. Analysts had expected the cap to sit at about ÂŁ4,200. Continue reading…Â
