There has been much talk in recent weeks of the 'energy price cap' with much of the news around the cap coming as fuel costs continue to rise for households across Wales and the UK as a whole.
Commentators are saying that the cost of living crisis currently gripping the nation is set to get even worse once the summer is over. But it has left many people scratching their heads and wondering what the energy price cap actually is and why it is set to rise?
For households on default tariffs who pay their energy bills by direct debit, the current price cap - set only in April, stands at £1,971. But the energy regulator Ofgem (Office of Gas and Electricity Markets) has warned that this is set to leap to about £2,800 in October, just as winter will be approaching and it will be getting colder.
