Why is the energy price cap rising?
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Sky NewsJames Sillars
Energy price cap going UP again from January - here’s what it really means. The energy price cap isn’t a cap on your total bill. It’s a limit on unit rates for people on standard variable tariffs. When Ofgem announces a cap increase, it means the maximum per-unit cost of gas and electricity is rising, not that everyone pays the same amount. The cap changes every three months because it’s tied to wholesale prices. Suppliers can’t charge more than the cap, but your actual bill still depends on how
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