1. October price cap predictions have rocketed

1. October price cap predictions have rocketed

posted 20th July 2022

There's no absolute cap on energy costs. Every six months (soon to be every three months), a cap is set on gas & electricity unit rates and standing charges. This price cap is mostly predictable as it is dictated by regulator Ofgem's published algorithm, based mainly on year-ahead wholesale prices. These have spiked in recent weeks, so analysts Cornwall Insight's latest predictions are frightening... Considering installing Solar PV?.... Get intouch for a quote

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