The head of Britain’s energy regulator said a price cap on the most widely used consumer energy tariffs was expected to reach £2,800 ($3,499.16) in October.
A price cap on the most widely used consumer energy tariffs is expected to reach £2,800 in October, according to Ofgem.The head of Britain's energy regulator on Tuesday said a price cap on the most widely used consumer energy tariffs was expected to reach £2,800 in October, leaving households facing even higher bills than some predictions.
"We are only part-way through the price cap window but we are expecting a price cap in October in the region of 2,800 pounds," Ofgem Chief Executive Jonathan Brearley told a committee hearing. The proposed cap would be a considerable jump from the current £1,971 which, when it was introduced in April, had already been a more than 50% rise compared to the level before that.Download NBC 5 Dallas-Fort Worth
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