Posted on 10th September 2018
We recently posted a blog regarding a proposed Energy Price Cap which is designed to protect 11 Million Households in the UK from unfair price rises on your bills.
Ofgem recently provided actual figures, and how they plan to execute the ‘ Safeguard Tariff’ which is often called a ‘Price Cap’. The purpose of this short blog is to summarise how the Energy Safeguard Tariff can affect you, but for full details you should visit the Ofgem news page, which will be linked at the bottom of this blog.
The planned cap will commence from the end of December and stay for the next 5 Years (Until 2023).
How can an energy price cap benefit you?
The average price cap for each household will be £1,136, which will save customers an average of £75 per year. These figures are strictly estimates as it depends on how much energy each house uses. If you leave your heating on all day, bills will still be higher in comparison to someone who doesn’t.
Someone on the most expensive tariff will save as much as £120, but savings depend on a number of factors including whether you pay by direct debit or not, who your energy supplier is, and how much your general usage is.
Who will benefit from an Energy Price Cap?
11 Million Households in England, Scotland and Wales that are on default tariffs should be better off with the Energy Price Cap. Customers in Northern Ireland have a different energy regulator, and have an Energy Price Cap already.
Why is an Energy Price Cap coming into place?
Theresa May announced the Energy Price Cap earlier this year in July. The Energy Price Cap was put in place to protect consumers from “rip-off” bills.
For more information, visit https://www.ofgem.gov.uk/publications-and-updates/ofgem-proposes-price-cap-give-11-million-customers-fairer-deal-their-energy
Joanne Greenwood, North YorkshireAn ode to my lovely new bathroom radiator
A helpful young chap knocked at my door today
To deliver my radiator, of which I must say
Has thrilled me, the manufacturing quality superb
Purchased to keep toasty whilst soaking in my tub
I’m delighted with the colour RAL6019
The pale green restful & calming…..simply divine
So thank you so much from my Hubby and me
To the German engineers, Carole, and all at EHC
Mrs J McCrossanPlease don’t take this to be condescending in any way but it was so refreshing to deal with someone who was efficient and willing to help especially when I really didn’t know what I was needing. Many thanks.
Mr Thomas, ‘X’ Council, LincolnshireI have recently received a call from the Housing Officer on behalf of the residents of x Court, wanting to pass her thanks on to Kevin.
She informed me that he has been extremely helpful throughout the whole process of the Total Care Package from start to finish and even afterwards.
Once again many thanks from the residents and from myself.
R Stacey, WokinghamI want to extend a massive thank you to you for being so proactive and so friendly about my issues. Considering I emailed you on a Sunday and you had the resolve to me by circa 9.19am on Monday I am very impressed.
Thank you again for the excellent customer service shown by you and the team. A client problem resolved quickly, easily and pleasantly. It’s almost a rarity these days.
Contact
01698 820533info@electric-heatingcompany.co.uk
Block 5, Unit 40, Third Road, Blantyre Industrial Estate, Blantyre, South Lanarkshire G72 0UP
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