Ofgem has confirmed its new energy price cap - but how does it work and what does it mean for your bills? The price cap will rise from £1,568 a year to £1,717 for a typical dual fuel household paying ...

Ofgem has announced its new energy price cap - but what exactly does this mean for your bills? The price cap will rise from £1,720 to £1,755 for a typical dual fuel household paying by direct debit.

It was imposed by George Osborne in 2013 when he was chancellor in the Conservative-Liberal Democrat coalition, ostensibly to help repair the public finances. An “austerity” measure, it was presented ...