The Caithness Business Index has posted the following article:

Ofgem Price Cap Confirms Cost Of Government Energy Support Is Set To Fall By 90 Per Cent To Just £1.4bn

[IMG][/IMG] The Ofgem announcement on Monday 287 February 2023 that the energy price cap will fall to £3,280 in April, down from £4,279 over the past three months, confirms that the cost of universal energy support - delivered through the Energy Price Guarantee (EPG) – is likely to fall by 90 per cent next year to £1.4 billion, says the Resolution Foundation. The level of the price cap will not affect consumers as it is above the level of the EPG, which is due to rise to £3,000 in April. [Read Full Article]