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Ofgem’s increase is third consecutive rise in energy price cap on gas and electricity chargesBusiness live – latest updatesThe average energy bill for households in Great Britain will rise by £111 from April to £1,849 a year for a typical household, after the energy regulator announced the third consecutive increase in the cap on gas and electricity charges.Ofgem last raised the cap in January by 1.2% to a rate equivalent to £1,738 a year as freezing temperatures across Europe depleted gas stores and drove market prices higher. Continue reading…
Ofgem’s increase is third consecutive rise in energy price cap on gas and electricity charges
The average energy bill for households in Great Britain will rise by £111 from April to £1,849 a year for a typical household, after the energy regulator announced the third consecutive increase in the cap on gas and electricity charges.
Ofgem last raised the cap in January by 1.2% to a rate equivalent to £1,738 a year as freezing temperatures across Europe depleted gas stores and drove market prices higher.
