Energy price cap: The staggering amount energy bills have risen | Personal Finance | Finance

0
7


In its February 2020 review, the cap was reduced again, this time by £17 to £1,162.

But by April 1, 2020, the new rate came into force, meaning the level had changed to £1,126 due to a change in the way Ofgem calculates average usage.

The next review in In August 2020 set the price at £1,042.

In February 2021, the cap level was increased by nine percent to £1,138, which came into effect from April 2021.

Now, the price has jumped to £1,277 – an increase of £139, the biggest jump since the cap was first set.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here