Energy bills could rise and fall in a quicker fashion, after Ofgem confirmed that it will update its price cap four times a year.
The regulatory body currently updates the threshold twice a year, in April and October, but going forward, it will additionally hold reviews in January and July.
The move means that millions of householders in receipt of a variable tariff will see more frequent alterations to their energy bills, at a time when many are feeling the squeeze of the cost of living crisis which has blasted the United Kingdom.
