Ofgem extends energy price cap to 1m more vulnerable customers

Regulator takes interim step towards Theresa May’s plan for wider cap, which is unlikely to take effect until next winter

The electricity and gas bills of 1m more households will be capped this winter after the energy regulator, Ofgem, extended a price cap for vulnerable customers.

The move is an interim step towards Theresa May’s promise to put a ceiling on bills using standard variable tariffs, the poor-value rates that around two-thirds of consumers are on.

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from The Guardian http://ift.tt/2zfleRl