A fall in wholesale energy prices will be reflected in household bills this winter, energy regulator Ofgem has announced (1).
People on standard variable tariffs will pay £75 less on average, those on prepayment meters £25.
The changes show the price cap, introduced this year following pressure by Citizens Advice and others, is working well.
Speaking on BBC Radio 4, Dermot Nolan, Ofgem Chief Executive, said the regulator had done what parliament asked “which is make sure the cap protects people who don’t wish to switch…….it’s forced some of the bigger companies to make efficiency savings…….while also still permitting switching…..” (2)
The CA campaign on energy bills paved the way for our current campaign to make all essential services treat loyal customers fairly (3).
1) Energy caps to fall this winter due to lower wholesale costs Ofgem, 07/08/19 2) BBC Radio 4 Today Programme, 07/08/19 (! hour 13 minutes...) 3) Loyalty penalty, Citizens Advice, 28/09/18