Energy prices are continuing to rise, causing worry and anxiety for many whose bottom line is already stretched thin. It was announced today (February 27) that the Ofgem price cap will be set at £3,280.
However, the price cap is different from the Government’s price guarantee, which was introduced in October last year to deal with the rising cost of gas. The Energy Price Guarantee is set to be raised this spring.
But what is the difference between the price cap and the price guarantee? They sound the same but they are different, here’s everything you need to know.
