Lifting the energy price cap will cost 11MILLION families £100 every year with a similar rise also set to hit customers on pre-payment meters The cap on standard variable tariffs (SVTs) was introduced on January 1 Customers told they would save an average of £76 a year or around £1billion But Ofgem has reviewed cap and is expected to announce rise of up to £100 Similar rise expected to be unveiled for households with pre-payment meters
By Sean Poulter Consumer Affairs Editor
Published: 01:57 GMT, 7 February 2019 | Updated: 02:02 GMT, 7 February 2019
13 shares
48
View
comments
Eleven million households supposedly protected by the Government’s energy price cap will be told today that bills are set to go up by around £100 a year.
The cap on standard variable tariffs (SVTs) was introduced on January 1 with enormous fanfare. Customers were told they would save an average of £76 a year – or around £1billion in total.
Theresa May had said it would ‘cut bills for millions of families and people across the UK who have been ripped off by energy companies for far too long’.
