Those with meters are being urged to act today
Ofgem, the government's regulator for electricity and gas, has issued a warning to anybody with an electric meter. It comes as the price cap is reduced today, seeing a significant fall in energy costs.
But those bills are still unusually high by historic standards. Less than two years ago, typical household bills were just £1,271 a year. The headline price cap figure is an average across households rather than an absolute cap on bills, so those that use more will pay more. The Government will initially cover these extra charges before they can be phased out by April 2024. No-one should be charged more for having a prepayment meter – today, we’re putting an end to this historic injustice,” said energy consumer and affordability minister Amanda Solloway.
Which? Energy editor Emily Seymour said: “Fixed deals are starting to return to the market for existing customers of some suppliers. We wouldn’t recommend fixing anything higher than the unit rates in your current deal or for longer than a year.
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