Ofgem’s new price cap increases energy costs for consumers
Millions of families throughout the UK are preparing for yet another increase in their energy bills, as the energy regulator Ofgem is set to reveal its new price cap. This cap, which restricts how much suppliers can charge for each unit of energy, is anticipated to go up in April, intensifying the strain on household finances that are already tight due to the escalating cost of living.The price limit impacts roughly 26 million residences in England, Scotland, and Wales, especially for those on default or adjustable tariffs. Although the cap restricts the price per unit of gas and electricity, it…
