Will energy prices go up? When the next Ofgem price cap change is and if bills will rise

What is the energy price cap?This cap limits the maximum amount energy suppliers can charge you for each unit of energy you use.The price cap is currently reviewed every three months by Ofgem to “reflect changes in underlying costs as well as inflation,” it says.energy price guaranteeThis provided a support rate discount to all households with gas or electricity, bringing it down to around £2,500 per year.

However, since July the price cap is now the scheme limiting bills once again. It only applies to variable tariffs and not fixed ones.How will the new energy price cap affect bills?

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