The energy price cap is set to rise by almost £700 in April (Lauren Hurley/PA)
(Picture: PA Archive)Bill payers could face a £2.4 billion hit from the energy crisis following the collapse of multiple British energy suppliers, estimates from energy regulator Ofgem suggest.
The figure relates to claims made by existing energy companies as part of Supplier of Last Resort rules, under which customers of collapsed suppliers are passed on to new suppliers in exchange for an Ofgem grant to cover handover costs. SoLR claims totalling £1.84 billion have already been made, Ofgem said.
