It can be confusing and tricky to understand what the energy price cap is, how it works and why it’s not as important (at the moment) as the government’s energy price guarantee.
In Iona’s latest Money Monday clinic for Morning, she updated us on the latest goings-on with the price cap, and how it interacts with government subsidies.
IONA’S NOTE: Since this episode was broadcast, the government announced it would be maintaining its price guarantee at £2500 a year for average energy use – I hinted that this was a possibility in my item.
Check out the full clinic on BBC iPlayer now (date: 27.02.23).
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