Household energy bills in Britain will rise by 1.2% in January, with the price cap set to increase to £1,738 a year. The higher cap reflects the impact of rising wholesale gas prices, despite some cheaper deals returning to the market. The UK government faces criticism for the price cap rise and cutting winter fuel payments, as industry executives and campaigners call for additional support for struggling households.
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Energy bill to rise 1.2% in January under the new energy price cap
Ofgem has announced a 1.2% increase in the energy price cap for the first three months of 2025, raising the average household bill to £1,738. This follows a 10% rise in October, adding pressure on consumers hoping for lower prices. The hike, along with Winter Fuel Allowance cuts, challenges households, prompting advice to explore cheaper tariffs, payment options, and energy-saving measures. Full Article
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