Energy: Prices

(asked on 25th June 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the effect of the Government's price cap for standard variable tariffs on trends in the level of the average household energy bill.


Answered by
Chris Skidmore Portrait
Chris Skidmore
This question was answered on 1st July 2019

The price cap protects customers on standard variable and default tariffs from excessive charging. Ofgem estimates that the price cap saves the average customer £75-£100 each year, compared to what they would be paying without the price cap, and a total of £1 billion each year. Non-capped tariffs continue to be competitive, with Ofgem calculating the difference between the most expensive and the cheapest tariff in the market at £381 in May 2019.

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