The government’s recently announced Energy Price Guarantee will only continue in its current form until April 2023. What is the Energy Price Guarantee? The support scheme was announced by the government in September to reduce the impact of the energy price cap rise and was due to be in place for two years. It was […]
Clear support has been announced and is welcomed by businesses to offset energy prices that have dramatically increased in recent months. What help will there be? The government will cap the wholesale rate of energy at £211/mWh for electricity and £75/mWh for gas for all businesses that have signed a contract on or after 1/4/22. This is […]
The energy price cap, which limits how much energy providers can increase their prices by, is set to rise by a further £800 in October, Ofgem has confirmed. Ofgem’s chief executive, Jonathan Brearley, said the cap is expected to increase to £2,800 a year, due to continued volatility in gas prices. This means that the typical […]