Regulator Ofgem will announce its energy cap on Friday
, which does not apply to consumers in Northern Ireland, is the maximum amount energy suppliers can charge you for each unit of energy if you’re on a standard variable tariff.
The energy price cap limits the amount households can be charged per unit of gas or electricity, as well as a cap on the daily standing charge. .the way you pay for your energyThose who use less energy will pay less, and those who use more energy will pay more. The July to September 2023 price cap level was set at £2,074 which meant the average household on a standard variable tariff was paying £2,074 a year. This was down from £2,500., an energy consultancy, has forecast that Ofgem will bring its price cap down to £1,823 from October for an annual average household bill.
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