The U.K. energy regulator on Friday announced the latest price cap, which is the maximum amount that gas suppliers can charge customers per unit of energy. It means people will pay 3,549 pounds ($4,188) a year for heating and electricity.
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What does this mean exactly? After you reach 3,549 pounds, all your energy has no further cost?
That number refers to the ‘typical’ energy bill. The cap is on what the utility can charge per unit.
Energy bills to be capped at £2,500 for typical household
www.bbc.com/news/business-62831698
New Prime Minister Liz Truss will limit energy bill rises for all households for two years as the new prime minister tries to prevent widespread hardship. A typical household energy bill will be capped at £2,500 annually until 2024. The huge support scheme could cost up to £150bn…Businesses will get help, with prices capped for six months
To limit the amount customers’ bills go up by, the unit price will be capped, although household energy bills will vary according to how much gas and electricity they use.
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