Government response to updated energy price cap level
Energy and Clean Growth Minister Claire Perry responds to Ofgem's update on the energy price cap level
鈥淎s Ofgem has said, these increases reflect the sharp rise in gas and electricity costs. 皇冠体育app cap is designed to ensure energy companies offer good value to their customers and continue to thrive as an efficient business.
鈥淲e were clear when we introduced the cap that prices can go up but also down. 皇冠体育app key thing is that as a result of the cap, 11 million households on standard variable tariffs will be 拢75 to 拢100 better off and energy suppliers will no longer be able to rip off customers on poor value tariffs.鈥�
鈥淲ith over 60 companies and more than 200 tariffs to choose from, consumers can always shop around for a cheaper deal and make big savings by switching.鈥�