Five Million Consumers Safeguarded from High Energy Prices
The Government has reported that Ministers have welcomed the extension to the Ofgem safeguard tariff cap, which will provide protection from high energy prices for a further one million vulnerable consumers. The safeguard cap will now protect a total of 5 million consumers.
Outline of Energy Tariff Cap
- Ministers welcome move by regulator to protect more vulnerable consumers
- Move will now see a total of 5 million consumers protected by safeguard cap this winter
- Government’s new energy price cap legislation will be introduced later this year
For the full statement from the Government visit the Government website here.