Energy bills to go up by more than £100 for 15m households
Energy bills are likely to go up by more than £100 for 15m households as Ofgem’s energy price is lifted, a recent news report has been able to suggest.
The energy market regulator revealed that it was lifting two price caps because of rising wholesale costs.
The energy suppliers are expected to increase their prices by £117 for 11m customers on default tariffs to a new ceiling of £1,254 a year for a home with typical use, leaving many consumers paying more for their electricity and gas than before the cap took effect on 1 January.
Ofgem also announced a rise of £106 a year to £1,242 for a further 4m households on prepayment meters, who are typically more vulnerable customers.
Gillian Guy, the chief executive of Citizens Advice, a consumer group that backs the cap, said: “As unwelcome as this news is, it’s likely that prices would be higher still without the cap and there are steps people can take to ease the strain on their bills.”
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