The consultation is open until 21st December 2020. Ofgem will publish a final decision early in February 2021 shortly before announcing the next price cap update to take effect from 1st April  2021.

Commenting on the announcement Natalie Hitchins, Head of Home Products and Services at Which?, said “The prospect of higher energy bills will be deeply concerning for consumers, especially those in vulnerable situations or who are struggling with financial difficulties. They may have seen their energy bills rise already owing to increased usage during the pandemic.”

“The regulator must work with energy companies to ensure those who are struggling get the help they need to keep their homes heated through the winter and beyond.”

“Standard or default tariffs are usually the most expensive – so anyone on these tariffs should shop around for cheaper deals and consider switching as they could save over £200 a year. Customers could also save money by claiming tax relief if their job has become home-based due to the pandemic.”