Millions were misled by Government’s claims energy price cap could save them £76 a year

Millions of customers were fooled by ‘scandalous and fake’ claims that the Government’s energy price cap would save them £76 a year, it has been claimed.

In fact, the real saving could be a quarter of that – £18.99 – as regulator Ofgem will next week increase the bills cap from April 1, just three months on from when it was introduced.

Price comparison website uSwitch claims ministers and the regulator knew the limit on standard variable tariffs would not last for the year, making the £76 average figure ‘fake’.

Millions of customers were fooled by 'scandalous and fake' claims that the Government's energy price cap would save them £76 a year, it has been claimed (file photo)

Millions of customers were fooled by ‘scandalous and fake’ claims that the Government’s energy price cap would save them £76 a year, it has been claimed (file photo)

Ofgem claimed the cap would benefit 11million homes. 

Richard Neudegg from uSwitch said it was ‘bordering on scandalous’ that consumers may have put off shopping around for a cheaper tariff. 

He expects the new cap could push up the typical annual SVT bill by about £100.

Ofgem said any increase in the cap only reflected changes in the cost of providing energy. 

A Government spokesman said: ‘Customers will always be better off under the cap.’

Price comparison website uSwitch claims ministers and the regulator knew the limit on standard variable tariffs would not last for the year, making the £76 average figure 'fake'

Price comparison website uSwitch claims ministers and the regulator knew the limit on standard variable tariffs would not last for the year, making the £76 average figure ‘fake’

Source

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