More than 1.5m customers could be on fixed tariffs above price cap

As many as 1.55 million customers could be on fixed tariffs that are more expensive than the new price cap levels and will therefore see their energy bills rise as government subsidies are withdrawn, Utility Week can reveal. Future Energy Associates says there are hundreds of fixed tariffs that will be above the new cap levels when they come into effect on Saturday (1 July), some of them by thousands of pounds.

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