THE energy price cap has been labelled a “con” after it emerged Scots face bill hikes of up to £184 a year while the number of cheap deals has been slashed. More than one million households north of the Border face an average £110-a-year rise in their bills after Ofgem increased the cap those with typical energy usage on a default – or variable – tariff. The energy watchdog said it would increase the typical price cap for UK default and standard variable gas and electricity tariffs by £117 to £1,254 a year from April 1. The price cap for UK pre-payment meter customers will also rise – typically £106 to £1,242 a year from April 1. While consumers hit by the potential price rises were encouraged to switch suppliers to find the best deal Britain’s leading consumer organisation warned that the cheapest deals have been vanishing from the market fearing it is to make up for a loss in revenue.
Herald 18th Feb 2019 read more »