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‘61% of Brits to switch suppliers after high bills’
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The default price cap will reduce from £1,254 to £1,179 from 1st October until March 2020
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The competition watchdog intends to adjust the methodology used to calculate its prepayment price cap ‘in order to better reflect costs’
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It will use information on the progress of the smart meter rollout to determine whether the prepayment price cap would need to be revoked early or extended
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Ofgem has launched a call for evidence until 10th December 2018
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This occurred after not being able to afford to top up their prepayment energy meters
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