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Wales Online
Wales Online
Josie Clarke (PA) & Steven Smith

What the latest Ofgem energy price cap announcement means for your bills

Despite falling wholesale energy prices, households are still facing eye-watering bill hikes from April. What is Ofgem's price cap, how does the Government's Energy Price Guarantee affect it and what does it all mean for household bills?

What is Ofgem's price cap and what does it mean for me?

Regulator Ofgem has cut the amount suppliers can charge households for energy, but bills are still set to rise by an average £500 from April.

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