General · 1 hour ago
Energy firms get winter loss protection if customers switch to cheaper deals
Photo by Michaela St on Pexels
Household bills won't go up automatically under the scheme, which was brought back in May after the Iran conflict sent wholesale costs soaring. Ofgem, Britain's energy regulator, opened a consultation on Friday to work out the exact rules for turning the charge on before a tough winter. A similar setup ran between April 2022 and March 2024 because of the Russia-Ukraine war.
Reported by Reuters · How we write briefs