The effect of Ofgem’s cap change on household budgets
Countless families throughout the UK are anticipating an additional increase in their energy expenses as the energy regulator, Ofgem, gets ready to reveal its newest price limit. This cap controls how much providers can charge for each unit of energy, and it is projected to go up in April, putting even more strain on household finances that are already strained by the escalating cost of living.The price cap impacts about 26 million residences in England, Scotland, and Wales, especially those with default or variable tariffs. While it establishes a maximum price per unit for gas and electricity, it does not…








