RT from Telegraph Money (@MoneyTelegraph)

The fall in #energy prices will come as a welcome relief to households, struggling with soaring #inflation and #interestrates. However, the new price cap is still 80pc higher than the average bill 2 years ago.

#energypricecap #ONGT
https://www.telegraph.co.uk/money/consumer-affairs/energy-price-cap-falling-ofgem-save-how-when/?utm_content=money&utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#Echobox=1685014586

Original tweet : https://twitter.com/MoneyTelegraph/status/1661741088309403648

So, Ofgem have increased the energy price cap again, though it won't have a direct effect on consumers due to the govt support until April.

But on what basis has Ofgem done this? Wholesale gas prices have dropped to levels below what we saw in 2021.

#Ofgem #EnergyPriceCap