Ofgem slashes energy price cap 'but millions will still struggle to pay bills'

Australia News News

Ofgem slashes energy price cap 'but millions will still struggle to pay bills'
Australia Latest News,Australia Headlines
  • 📰 LiveLancs
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 87%

The National Pensioners Convention warned that it will 'not avert another winter of widespread misery'

Ofgem has slashed the price cap on energy bills to £1,923 after wholesale energy prices fell further.

Ofgem chief executive Jonathan Brearley said: “It is welcome news that the price cap continues to fall, however, we know people are struggling with the wider cost of living challenges and I can’t offer any certainty that things will ease this winter.” NPC General Secretary Jan Shortt said: "Older people will still be paying considerably more for energy this winter than before the pandemic, and so far this winter no energy bills support payment has been promised. But there is undoubtedly a case for the government to step in, especially with so many charities and experts already predicting that those on low incomes will pay more for their energy than last winter - and last winter’s bills were double the winter before.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

LiveLancs /  🏆 10. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ofgem slashes energy price cap to £1,923Ofgem slashes energy price cap to £1,923The price cap will reduce from October 1.
Read more »

Ofgem confirms new price cap will drop to £1,923 a year from start of OctoberOfgem confirms new price cap will drop to £1,923 a year from start of OctoberThe current energy price cap of £2,074 per year will be lowered to £1,923 from October 1.
Read more »

Ofgem price cap change and what this means for your energy billOfgem price cap change and what this means for your energy billThere's good news and bad news
Read more »

Ofgem fines Morgan Stanley £5.4m after traders spoke via WhatsAppOfgem fines Morgan Stanley £5.4m after traders spoke via WhatsAppThe US bank had been unable to hand over communications that took place between 2018 and 2020, the regulator said.
Read more »

Ofgem fines Morgan Stanley £5.4m after traders spoke via WhatsAppOfgem fines Morgan Stanley £5.4m after traders spoke via WhatsAppThe US bank had been unable to hand over communications that took place between 2018 and 2020, the regulator said.
Read more »

Energy bills to fall below £2,000 for average household this autumn, regulator Ofgem saysEnergy bills to fall below £2,000 for average household this autumn, regulator Ofgem saysEnergy regulator Ofgem has confirmed the average household bills are to come down to \u00a31,923 this autumn.
Read more »



Render Time: 2025-02-28 20:01:16