By Sarah Young - Oct 8, 2021
Share this article
Britain's energy regulator Ofgem has no plans to increase the consumer price cap before April but is likely to introduce a significant rise after then, its boss said on Friday.
Jonathan Brearley told BBC Radio that the regulator would look at all the factors that go into calculating the price cap, and that he could not yet predict the scale of the expected rise.
"Looking at the costs that are in the system, we are expecting a significant rise in April," he said.
(Reporting by Sarah Young and Kate Holton)
Boris Johnson: We Will Have To Do Everything We Can To Stop Energy Firms Failing
By Sam Blewett - Sep 20, 2021
Gas Price Hikes: Will My Energy Bills Rise?
By August Graham - Sep 20, 2021
UK Inflation More Than Doubles As Energy And Clothing Prices Surge
By Holly Williams - May 19, 2021
Ofgem Boss Expects 'Significant' Rise For Price Cap In April
By No Author - Oct 8, 2021
Thanks for signing up to Minutehack alerts.
Brilliant editorials heading your way soon.