Revised Ofgem Energy Price Cap 2019 | Electric Heating Company
The energy regulator, Ofgem, lowered energy price caps which means that the price of energy is set to fall for millions. Ofgem sets the maximum prices that can be charged by energy suppliers for gas and electricity. The new cap could see millions of households pay £75 less per year. Ofgem boss Dermot Nolan said: “The price caps require suppliers to pass on any savings to customers when their cost to supply electricity and gas falls.” “This means the energy bills of around 15 million customers on default deals or... Read More