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Saturday, February 1, 2025

Ofgem’s value cap: What’s subsequent for billpayers?


Picture: chrisdorney / Shutterstock

Ofgem, the UK’s vitality regulator, is making ready to announce a brand new vitality value cap later this week.

The value cap units the utmost quantity that households will be charged for his or her vitality use primarily based on common spending.

At the moment, the worth cap is £1,928 yearly, up £94 from the earlier degree.

Analysts forecast a possible lower to round £1,635 for typical twin gas households for April to June.

Nevertheless, ongoing consultations may introduce extra components affecting the ultimate cap.

Customers are suggested to remain knowledgeable about potential modifications of their vitality payments.

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