Ofgem’s energy price cap to fall by 14% in April, says forecaster

by daniscross

9 comments
  1. No wonder the Scottish power advisors told me to stay on my current deal.

  2. That’s great news for so many desperate people. But I feel like it’s too little too late for quite a few, this winter stil has a lot of opportunity to get extremely cold again so high energy use with high price cap will mean high bill and the bill will only go down as energy use will go down.

  3. So my utilities bill will only be just under double what it was 2 years ago.

  4. Ugh – drat my gamble at fixing a few months back has slightly back fired (I’m better off between now and April, the exit fees would make it daft to exit early in the summer)

  5. Re-nationalise the fucking energy companies so we can do away with Ofgem. They’ve done a fucking shit job anyway by the looks of it.

  6. Whilst this is good news, I feel like we shouldn’t lose sight of the fact this is still a lot higher than it was 2 years ago and is still very high!

  7. Oh my, a drop of 14% in April. So, I assume it’s going to rise by more than that between now and then and this news just makes it look optimistic?

  8. Funny that it’s up 5% in January for the coldest 3 months of the year then drops 14% as soon as the weather warms up…

  9. What will the actual rate change be for electricity and gas separately?

    Last change from my provider gas prices went up far more than electricity and I don’t use gas. So hearing the media say “energy up 6%” isn’t useful. It was actually just 4% for electricity while gas was almost double the increase.

    Also these average bill numbers are not very helpful either. Just tell us the new/old per kWh rate and I can work it out for myself.

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