Helping you make sense of the energy and water sectors


Daily Bulletin

Issue 3379


Nick Palmer Writer

Ofgem lifts default and PPM price caps due to higher wholesale costs The regulator confirmed on Thursday 7 February that from 1 April, the levels of the default tariff price cap will increase on average by £117 and pre-payment meter cap by £106 for the next six-month period to reflect higher costs. While the prices of wholesale energy contracts used to calculate the cap have fallen in recent months, overall these costs remain 17% higher than the last cap period, plus network and ...

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