Energy saving tips: Five ways to cut costs this winter
The average household energy bill will rise by £94 a year from January after Ofgem increased its price cap in response to rising wholesale prices.
The regulator announced last month it is raising its price cap from the current £1,834 for a typical dual fuel household to £1,928 from January 1, driven almost entirely by rising costs in the international wholesale energy market due to market instability and global events, particularly the conflict in Ukraine.
The energy price cap sets a limit on the maximum amount suppliers can charge households in England, Wales and Scotland for each unit of gas and electricity.
The headline price cap figure is an average across households rather than an absolute cap on bills, so those that use more will pay more.
The announcement puts hopes for relief from the cost of living crisis on hold, and follows chancellor Jeremy Hunt making no mention of any further help from the UK Government to offset household energy bills in his autumn statement.
Despite the additional pressure on many households, there are ways to reduce your costs.
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