Millions of customers stuck on expensive standard tariffs should start to see lower energy bills as Ofgem's new price cap kicks in today, though most could save about £200/year more by switching supplier.
Big six supplier E.on has become the first energy provider to reveal its prices under the new cap on standard tariffs, reducing bills by a typical £77/year from October – just £2/year under the new level. But don't be fooled, most could still save £100s/year by switching.
Hundreds of thousands of Sainsbury's Energy customers have been moved to British Gas – if you've been transferred, check NOW if you can save £300+/year by switching to a new tariff.
Shell Energy is set to refund and compensate around 9,000 customers after it was found to have overcharged on tariffs protected by energy regulator Ofgem's price cap.