Millions of households will save on gas and electricity bills this year as the energy price cap will be extended until the end of next year, the government has announced.
The Department for Business, Energy and Industrial Strategy said the cap had saved customers around £1bn which equates to £75 to £100 a year for a typical household on a default energy tariff.
Business and Energy Secretary Alok Sharma said: “The energy price cap has been vital in ensuring customers do not pay too much on their bills, which is why we are keeping it in place for at least another year.
“Switching energy supplier to find the best value deals is still the best way to save on bills, but this government is determined to make sure all customers are treated fairly and get the protection they deserve.”
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