U.K. regulator Ofgem said that the level of the default retail energy price cap, which applies to around 11 million default tariff customers, will fall this winter by £75, driven by lower wholesale energy prices

The default price cap is set to fall from £1,254 to £1,179 from 1 October for this winter period (October-March).

The level of the pre-payment meter cap will fall by £25 for around 4 million customers after its methodology is brought into line with the default price cap

The pre-payment meter cap will fall from £1,242 to £1,217 per year for the same six month period.

See Ofgem's announcement for more details

Tags:
U.K.   Default Service   Rate Caps  

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