We’ve put out a press release commenting on Ofgem’s new price cap announcement, and we wanted to share our response here in the Community.
Ofgem has announced that the energy price cap will fall by £84 to £1,042 from 1 October, 2020 for consumers on standard variable tariffs.
Responding to the news, Pure Planet’s co-founder Steven Day said: “Families shouldn’t be fooled into thinking a small drop in their bills in October is a bonus.
“Unfortunately that is far from reality. They have not given it. The regulator has made them do it. Today, there are 118 tariffs available that are cheaper than the new price cap. So shop around. You’ll save even more money.”
The Pure Planet 100% Green variable tariff for average households is currently £842.
Check out our Pure Planet prices guides from our FAQs.
Steven added: “Our message to the 11 million UK households on standard variable tariffs is don’t wait until October to make a saving. Move now!
“Ofgem has already warned that the cap is likely to move up in spring, as wholesale prices have started to rise recently. Go green today and save almost £300 against the current cap – it only takes two minutes.”
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You may also like: Latest Pure Planet blog post about wholesale energy prices