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Selectra

@selectrauk

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linkhttps://selectra.co.uk calendar_today04-03-2019 13:15:55

621 Tweet

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The entire energy crisis has been due to gas prices rising to unprecedented levels. Read more 👉 lttr.ai/spsG #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap

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The price cap was a mechanism introduced in 2019 as a means of protecting customers from extreme price hikes by their energy provider. Read more 👉 lttr.ai/su9g #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap

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The rise of wholesale gas prices in international markets has been the main driver for the energy crisis in the UK and Europe. Read more 👉 lttr.ai/sySt #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap

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Before 2019, energy suppliers had no upper limit on how high they could raise their variable rates, meaning that a customer who was quoted a low price one month, may be impacted by higher rates the following month. Read more 👉 lttr.ai/szrw #EnergyCrisis

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This was done in order to combat the catastrophic effects of the ongoing energy crisis and the rising gas prices. Read more 👉 lttr.ai/s5b6 #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap

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The energy regulator Ofgem has announced a new revision to the price cap for the beginning of April 2022. Read the full article: Ofgem Raises the Price Cap Again: How Can I Save? â–¸ lttr.ai/s990 #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap

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The spike in energy prices has caused the cost of energy to rise astronomically putting pressure on suppliers to manage costs. Read the full article: Ofgem Raises the Price Cap Again: How Can I Save? â–¸ lttr.ai/tBkH #EnergyCrisis #energybills #gas #electricity

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This can be beneficial for consumers as, like in 2020, those on variable rates enjoyed lower energy costs than those on fixed tariffs. Read more 👉 lttr.ai/sbfR #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap

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A default fixed tariff would mean that instead of a variable tariff that customers could leave without an exit fee, customers would be committed to a 6-12 tariff fixed to the price cap. Read more 👉 lttr.ai/sbfS #EnergyCrisis #energybills #gas #electricity

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The price cap sets a limit on how high a standard variable tariff can rise for customers that is quoted using an average yearly cost. Read the full article: Ofgem Raises the Price Cap Again: How Can I Save? â–¸ lttr.ai/t7xA #EnergyCrisis #energybills #gas

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Although it sounds all doom and gloom, there is a silver lining for energy customers when the price rises in April 2022. Read the full article: Ofgem Raises the Price Cap Again: How Can I Save? â–¸ lttr.ai/umbU #EnergyCrisis #energybills #gas #electricity

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Ofgem's new price cap comes into effect today. As customers on variable tariffs see a rise in their energy bills, we've put together a guide explaining how it will affect you and what help there is available 📈💡 #energypricecap #ofgem selectra.co.uk/energy/news/ma…

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This has been down to a number of combined factors that have wreaked havoc on energy prices. Read the full article: Ofgem Raises the Price Cap Again: How Can I Save? â–¸ lttr.ai/sbfV #EnergyCrisis #energybills #gas #electricity #EnergyPriceCap