Britain Extreme Provident Bill Britain

Proposed new energy price cap changes could affect your fuel bills next year - here's how

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dailyrecord.co.uk

More than two dozen energy suppliers have gone bust since the start of September, putting thousands of people out of work and leaving millions of homes in limbo as they wait for a new supplier.

The cost of all the failures will be passed on to an estimated 14 million households across the UK, putting further pressure on already rising utility bills.

Many in the energy industry blame part of the problems on the price cap. The cap is currently set every six months, and as gas prices have skyrocketed in recent months it has forced suppliers to provide energy to households at eye-watering losses.

And now the energy regulator, Ofgem, has proposed a series of short and long-term solutions to the issues the price cap causes in extreme

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