Ofgem has announced today (26 August) it will increase the energy price cap to £3,549 per year for dual fuel for an average household once in effect from 1 October 2022.
Triton Power has raised an urgent modification in order to cap the cost of trade at British interconnectors at the value of lost load (VoLL), which would total £6,000 per MWh.
ScottishPower’s chief executive Keith Anderson has called for “unprecedented action” amid the ongoing energy crisis whilst laying out proposals to help reduce household bills over the coming winter months
Conservative leadership candidate Rishi Sunak has pledged to provide additional support for families if elected in September, as predictions for the price cap jumped again this week to pass £4,200.
Cornwall Insight has again raised its prediction for the upcoming price cap periods, with a typical household now expected to pay £4,266 a year for the three months to March 2023.
The price cap could pass £4,200 come January following a number of changes made by the regulator Ofgem, according to analysis from Investec’s Martin Young.
