Energy Price Cap
An energy price cap has been designed to put an end to expensive tariffs, but it could actually end up increasing your bills. The new cap, the details are of which are due to be published next week, will reduce the cost of the most expensive tariffs, paid by loyal customers, but will dampen competition and could put the smaller firms that offer the cheapest deals out of business.
This will help the customers who stay loyal to their supplier and keep to a standard tariff - it will benefit them more as they are the most expensive. It is expected to save around 12 million customers roughly £100 per year.
At the moment the average tariff from the big six suppliers costs £1,131 per year, there are many tariff out there with other suppliers that average cheaper. This is how you can save up to £302* off your energy bill.