BRITAIN’S ‘Big Six’ energy suppliers will all hike their prices on Monday, a watchdog has warned. Gas and electricity firms are pushing their bills up to within £1 of a new cap which comes in to force on April 1, Which? said. Regulator Ofgem has raised the controversial price cap for a nominally typical dual fuel bill by £117 a year, to £1,254. Which? said householders could end up paying £1 billion more a year in total. More than 10 million homes are still powered and heated by energy sold at default standard tariffs. Critics believe the cap, which was designed to stop rip-off bills, has been ineffective.
Herald 31st March 2019 read more »