Ofgem price cap changes to see £40 hike for small households this winter - while people in large houses better off
manchestereveningnews.co.ukPeople who live in flats or one-bed houses will generally end up worse off this winter than last - while people in bigger houses could be better off, according to new analysis.
It comes after Ofgem revealed the latest energy price cap, which will come into effect from October this year. Despite the price cap being lowered to £1,923 from its current £2,074 in today's announcement, bills remain much higher than they were before the pandemic, and some households will likely face higher bills this year than last.
Last winter, the typical household would have paid £2,500 per year on their bills due to the government’s Energy Price Guarantee (EPG), which protected households from Ofgem's much higher price cap.
On top of that, each household’s bill was reduced by between £66 and £67 per month between October and March due to a separate government grant. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features Without that support this year, some households face being worse off this winter.
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