Price cap could jump 46% as consumers take on cost of supplier exits
The price cap could jump 46% for summer 2022, hitting approximately £1,865 as wholesale power prices remain high. Currently, the winter 2021-22 cap is set at £1,277 per annum – which is itself a record high – but could increase by almost 50% when the new cap is set by Ofgem in February 2022,