Customers 'face a very challenging winter ahead', says the regulator.
The energy price cap introduced in 2018 is based on the price energy suppliers pay producers for their electricity and gas. It sets a maximum suppliers can charge per unit of energy and caps the level of profits an energy supplier can make.
Russia is one of the world's biggest gas producers and has already cut supplies to some European countries. Meanwhile, Western nations have also moved to phase out Russian imports in response to the invasion. This has increased demand for other sources of energy, increasing global prices. It said paying a rate that is up to six months out of date in the current changeable market was "no longer sustainable and could mean either consumers paying too much for months if wholesale prices have fallen or suppliers left unable to supply gas with the money they are allowed to charge if prices have risen".
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Energy firms pull exclusive fixed deals as fears of £3,600 energy bills loomENERGY firms including British Gas and EDF are ditching exclusive market-leading fixed tariffs as wholesale prices rocket. Yesterday, analysts predicted that bills will rise to £3,616 this winter. …
Consulte Mais informação »
Council outlines £20m plan to help with rising energy bills'Any help and support that can be provided is welcome'
Consulte Mais informação »
£400 energy payment: Fears renters with bills included will miss outWhere a tenant's bills are included in their rent the energy rebate will be paid to their landlord.
Consulte Mais informação »
£400 energy payment: Fears renters with bills included will miss outWhere a tenant's bills are included in their rent the energy rebate will be paid to their landlord.
Consulte Mais informação »
Support surges for campaigners urging non-payment of energy bills\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Consulte Mais informação »
Energy bills to change every three months to avoid price shocksThe regulator says the change means price rises and falls will be passed on to customers more quickly.
Consulte Mais informação »