The Martin Lewis Podcast Ofgem special: Why are UK energy prices so high? We ask the regulator’s boss that and more!
Dec 12, 2024
In this engaging discussion, Jonathan Brearley, CEO of Ofgem, shares insights into the UK’s rising energy prices and the implications for consumers. He addresses the complexities of the energy price cap and how standing charges hit vulnerable households hardest. Brearley also sheds light on smart meters and the importance of consumer rights during outages. The conversation balances serious issues with lighter topics, like tips for Scrabble enthusiasts, making it both informative and entertaining.
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Get a Fixed Energy Deal
- Get a fixed energy deal now.
- It's likely cheaper than the price cap over the next year.
Standing Charges and the Dual Price Cap
- Standing charges disincentivize energy saving for low users and are unfair to prepayment meter users.
- Ofgem will introduce two price caps: one standard and one with no standing charges but a higher unit rate.
Join the Priority Services Register
- Join the Priority Services Register if you have vulnerabilities like children under five, health conditions, or elderly people in your home.
- This ensures support during power cuts and other energy-related issues.