Ofgem has said it will slash bills for around 15 million households by as much as £95 as the regulator reduced its cap on energy bills to their lowest level yet.
Moneysupermarket found comfort in its energy division in the last three months as fears that Ofgem’s new price cap would make customers less likely to change energy supplier, proved false.
Households across the country have seen a combined £1.2 billion added to energy bills thanks to 42 price rises in the six months since the Government's flagship price cap was supposed to end rip-off bills, new research has found.
Around 15 million households will see their energy prices rise after regulator Ofgem hiked price caps designed to protect those on poor value deals.
An energy bill price cap has moved a step closer after legislation seeking to end "abuse" against customers cleared the Commons.
London's leading shares index made solid gains today as euphoria from a positive US jobs report and optimism around the future of the euro boosted investor confidence.