Ofgem plans to lift cap on standard energy tariffs in April as market price for gas soars
Millions of households should brace themselves for an energy bill hike of more than £80 a year from April as Ofgem lifts the cap on standard energy tariffs, according to the regulator’s chief executive.
Jonathan Brearley said Ofgem would announce plans to lift the energy price cap for the first time in two years early next month, and warned that the move would wipe out the £84-a-year cut brought in last year.
