'Worrying time' for Caithness residents with energy price cap rise
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The energy price cap will rise by 12 per cent today, with those on standard tariffs facing an average increase of £139-a-year.
The price cap is a backstop introduced in January 2019 and set by the regulator Ofgem under UK Government policy. It sets the maximum price suppliers in Scotland, England and Wales can charge customers on a standard – or default – tariff.
The rise comes as several small suppliers have gone bust amid rising gas prices.
Conor Forbes, head of policy with Advice Direct Scotland, said: “Today’s price cap rise will result in higher energy bills for households across Scotland.
“This will be a worrying time for many as we enter the winter months. Meanwhile, the problems facing suppliers due to rising gas prices are likely to continue – but households are reminded not to panic about their supply as Ofgem will move customers of collapsed firms to a new company and they will not lose any money owed to them.”
Anyone in Scotland with concerns about their energy bills can contact energyadvice.scot for free, impartial and practical advice by visiting www.energyadvice.scot or calling 0808 196 8660 between 9am and 5pm, Monday to Friday.