Understanding Ofgem’s Energy Price Cap (April 2023)
If you’re a homeowner, you might have heard about the recent energy price cap established by Ofgem – the Government regulator for gas and electricity markets. This cap was designed to limit the amount energy suppliers can charge you for standard variable tariffs and prepayment meters. The good news is that it’s intended to save households hundreds of pounds each year. However, with rising gas and electricity prices, it may still be a struggle for many people to afford their bills.
