How does the energy price cap work?

Quick Summary:

Typical gas and electricity prices are rising by 10% in England, Scotland and Wales on 1 October.

Separately, the regulator is adding £28 to everyone's bill between April 2024 and March 2025 to cover the cost of dealing with £3.1bn of debt that customers owe to suppliers.

What is the energy price cap and how much are gas and electricity bills going up?

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Article Details

Author / Journalist: BBC News

Category: Business

Markets: United KingdomIreland

Topics: Fixed Customers Electricity Prices Typical Bills Price Year External Bill Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 07:46:24 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 1011 words

Reading Time: 6 minutes read

Sentences: 53 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22855306

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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