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Victory for consumers as cap on energy tariffs to become law


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Victory for consumers as cap on energy tariffs to become law

 

New bill will protect millions more households from unfair price rises.

 

-- Energy price cap will be in place by the winter – protecting millions of households from unfair price rises

-- energy regulator Ofgem will cap energy tariffs of those on default deals

-- government flagship energy efficiency scheme will be 100% focused on helping improve energy efficiency of over 1 million low income and vulnerable households by 2022

 

Consumers are one step closer to cheaper energy bills as legislation to cap poor value energy tariffs completed its passage through Parliament yesterday (18 July 2018). Alongside this, the government has today announced its flagship energy efficiency scheme will help support more low income and vulnerable consumers.

 

READ MORE HERE: https://www.gov.uk/government/news/victory-for-consumers-as-cap-on-energy-tariffs-to-become-law

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However, an exception is made for "green energy" and prepayment meter contracts. The latter already being subject to a price cap.

No mention is made of standing charges, so I would envisage that suppliers will attempt to claw back some of the lost revenue via standing charges.

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