Author: News Desk

Energy price cap: Average annual bill to rise by £94 from January, Ofgem announces Sky News says The energy price cap is to rise to an annual average of £1,928 from January, the sector’s regulator has announced. Ofgem said a typical household paying by direct debit for gas and electricity faces forking out 5% more when compared to the annual cap figure covering September to December, which equates to £94 more over the course of a year. The new average figure largely reflects higher wholesale costs heading in to the cold winter months and also includes a shift in Ofgem’s…

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Ofgem energy price cap: what does the new year rise mean for households? The Guardian says The Ofgem price cap is climbing again and will rise to £1,928 a year for a typical annual energy bill in Great Britain when it is adjusted in January. Soaring energy bills have made the price cap set by the energy regulator a closely watched figure. The bad news is that after dropping back to £1,834 a year in October it is to rise by £94 in January, after a jump in wholesale gas and electricity prices. This leaves the majority of households facing…

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