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SSEZY SSE PLC (PK)

21.66
0.30 (1.40%)
02 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
SSE PLC (PK) USOTC:SSEZY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.30 1.40% 21.66 21.27 21.73 21.7425 21.46 21.46 56,711 21:05:29

U.K. Regulator Ofgem Says Energy Price Cap to Start From Jan. 1

06/11/2018 8:24am

Dow Jones News


SSE (PK) (USOTC:SSEZY)
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By Adria Calatayud

 

The U.K.'s Office of Gas and Electricity Markets, or Ofgem, said Tuesday that a new energy-price cap will come into effect from Jan. 1, 2019.

The regulator said the measure will allow 11 million customers to save around 76 pounds ($98.9 million) a year on average. Energy suppliers will have to cut the price of their default tariffs to GBP1,137 or below. It is estimated that this will remove around GBP1 billion from consumers' bills, Ofgem said.

The price-cap level will be updated in April and October every year, Ofgem said.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

November 06, 2018 03:09 ET (08:09 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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