Energy bills to go up £94 to £1928 in the New Year
Energy bills are set to go up in the New Year after the industry regulator raised the cap on gas and electricity prices by 5%.
Ofgem said the annual dual fuel bill for the average household will go up by £94 to £1,928 from January 1 until the end of March.
The price cap is the maximum that energy suppliers can charge customers who are on standard variable tariffs
Ofgem said the increase in tariffs is "driven almost entirely by rising costs in the international wholesale energy market due to market instability and global events, particularly the conflict in Ukraine."
CEO Jonathan Brearley said: “This is a difficult
