Energy price cap: Average annual bill to rise by ÂŁ94 from January, Ofgem announces
Sky News says The energy price cap is to rise to an annual average of ÂŁ1,928 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 ÂŁ94 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 cap calculation based on average domestic energy use.
