To the family choosing whether to heat or eat, the energy cap isn’t ‘fair’ at all

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The Ofgem cap is set to rise to unaffordable levels for households let down by this government’s energy failures

In theory, the energy cap sets a “fair” rate for the 15 million homes that rely on default tariffs to pay for their gas and electricity by reflecting only the costs faced by energy suppliers. In many ways the scheme has been hugely successful. The government estimates that major energy companies may have overcharged customersbefore the cap was put in place. The carefully applied methodology means there is no room for rip-off prices or profiteering.

 

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