Household energy bills to rise 5% from January 1 amid record consumer debt
A £94 increase to the average household energy bill comes into effect on January 1 after Ofgem increased its price cap in response to rising wholesale prices.
The regulator’s price cap is rising by 5% from the current £1,834 for a typical dual fuel household to £1,928 from Monday, driven almost entirely by rising costs in the international wholesale energy market because of market instability and global events, particularly the conflict in Ukraine.
are urged to submit meter readings to their supplier before January 1 to ensure they are
