Price cap set to rise by 5.1% from 1 January 2023

Price cap update: https://www.over50smoney.com/Home+Bills/Energy/417__Energy+prices+set+to+rise+by+5.1%25+in+January+2024

Morning everyone, 

Sorry for the early start, just wanted to let you know about the price cap update. The cap will increase by £94 from 1 January 2024, this increase is entirely on usage rates, not standing charges. 

This article link above shows the specific unit rates and standing charges being charged currently and the new prices from 1 January 2024. 

I'm also hoping for further announcements from Ofgem today but I haven't seen any yet. If they do provide other consultation updates later today I'll do a video on them and post them to my youtube channel. Subscribe and turn on notifications if you want to hear the updates as soon as they're posted: https://www.youtube.com/channel/UC-SXdlBzFuu45KhWVnRp5HA

Thank you everyone!

Richard Winstone