Ofgem’s energy price cap for consumers on default tariffs has come into force on the 1’st of January and is expected to save around 11 million people an average of £76 a year, a recent news report has been able to suggest.
The cap limits the cost of each energy unit rather than total bills, meaning energy-intensive users will continue to pay more than those with lower consumption.
The cost of electricity is capped at 17p per kWh, with gas being capped at 4p per kWh – this means a dual fuel customer using energy at typical levels and paying through direct debit is expected to spend a maximum of £1,137 a year.
The energy regulator says the cap will be reviewed and adjusted twice a year to make sure it is fair and effective to all customers.
Despite the cap, a number of consumer groups have claimed customers should continue to shop around and improve the efficiency of their homes to save the most money possible.
HeatingSave – helping you save energy and money
If you’re looking for an alternate way of saving up to 30%+ on your energy bills, then HeatingSave is just the thing to consider.
Building Management Systems are capable of delivering extensive monitoring and control options, compared to basic controls. They typically employ data from a variety of sources (boiler flow and return sensors, internal and external temperature sensors, occupancy sensors, humidity sensors, etc.), and enable the perfect optimization of a building’s boiler-based central heating system.
HeatingSave is also approved to work and save fuel within the Energy Technology List, which is managed by the Carbon Trust on behalf of the Government. It is also approved by the Department of Energy & Climate Change and the Energy Savings Trust and was specified by the Building Research Establishment for the energy efficient homes retro-fit program, called The Greenhouse Project.
If you’d like to find out more about HeatingSave’s accreditations, just visit the dedicated section on our website, and for any other information, just get in touch with our dedicated product team.