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 cap calculation based on average domestic energy use.