Energy price cap rises again - with cost of bills expected to stay high for months

8 hours ago 1

Gas and energy bills volition go adjacent much costly successful January, arsenic the vigor regulator Ofgem ups the terms cap.

A emblematic yearly measure volition beryllium £1,738 from January, an summation of 1.2%.

It's different stroke arsenic falls successful prices had primitively been forecast for the caller year.

It's besides atrocious quality for the imaginable of ostentation falling again. Costlier vigor bills were a cardinal crushed ostentation rose sharply to 2.3% past month.

Instead of falling steeply, yearly bills are expected lone to easiness by £5 from April, according to investigation from the respected forecasters astatine Cornwall Insight.

The energy terms cap sets a bounds connected however overmuch companies tin complaint per portion of electricity. Every 3 months Ofgem revises the headdress based connected wholesale costs.

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