Household energy bills in Britain will rise again in January after regulator Ofgem said it would lift the price cap by 1.2 per cent following an increase in wholesale costs.
The regulator on Friday set the energy price cap for the period between January and March at a level that will mean a typical household pays £1,738 a year, compared with £1,717 now.
The move follows a bigger 10 per cent increase in the cap that took effect in October. Bills for about 26mn households remain hundreds of pounds higher than before the energy crisis, which was worsened by Russia’s full-scale invasion of Ukraine in 2022.
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