Bonus Mini-Pod: Energy Price Cap 7% fall – the good, the bad, the ugly

奖励 Mini-Pod:能源价格上限下降 7%——好的、坏的、丑陋的

The Martin Lewis Podcast

商务

2024-05-24

9 分钟
PDF

单集简介 ...

It’s a bonus mini episode as Martin explains what the newly announced Ofgem energy price cap for July means for you – and why there could be bad news in store for October.

单集文稿 ...

  • BBC Sounds music Radio podcasts.

  • Hello and welcome to a special mini episode of the Martin Lewis podcast to update you after we got the energy price cap news this morning from Offgemousen.

  • I'm afraid the news is both good, bad and ugly.

  • And is there a better way for me to do a podcast update than quite simply to play you the interview I did on five live breakfast this morning?

  • Here you go.

  • A typical household's annual energy bill will fall by 122 pounds in July under the new price cap announced by the regulator ofgem.

  • It means an average household using a typical amount of gas and and electricity will pay just over one and a half thousand pounds a year.

  • Martin Lewis is here to explain what it means, and you can listen to his podcast, of course, on BBC Sounds.

  • Martin, good morning.

  • Good morning.

  • Yes, I've got the good, the bad and the ugly of the announcement today.

  • Unfortunately, I'm afraid it is not an unvarnished good, what we are hearing.

  • Ok, so let's just strip it back to basics for some of our listeners.

  • How does the energy price cap actually work?

  • So the energy price guarantee is set by Offgem and it dictates the maximum amount that energy providers can charge for their standard tariffs.

  • Now, around 80% of the country, 80% of homes in England, Scotland and Wales are on those standard tariffs.

  • And when it dictates the maximum charge, pretty much every energy firm charges the maximum.

  • So it actually dictates the rate that the vast majority of people are paying.

  • Unless you're on a fix or a special tariff, you are on the energy price captain affects you.

  • If you're not sure, you're almost certainly on the energy price cap.