The price cap on default gas and electricity tariffs will come into force on January 1 — saving 11million households up to £120 each, according to data released by Ofgem.
The measure will limit the amount providers can charge for poor-value standard variable tariffs, but it is likely to be increased in April due to ‘significant’ wholesale increases over the past year. The cap is set to be updated in April and October every year.
Ofgem CEO Dermot Nolan said the move will ‘put an end’ to customers on default tariffs being overcharged.
‘It will ensure that, whether energy costs rise or fall, suppliers are not feathering their nest and changes in energy prices will reflect the underlying costs to heat and light our homes.’
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.