Britain's biggest energy provider is set to add another £97 to bills from April as part of its latest price hike. British Gas said 2.3million customers will be affected by the latest announcement, which will see the provider's average standard default tariff rise from £1,041 to £1,138 a year.
It becomes the first major supplier to increase prices after Ofgem announced a new energy price cap from spring. The regulator is increasing the price cap from £1,042 per year to £1,138 for the six month period from April 1.
Ofgem sets the price cap twice a year to curb how much suppliers can charge customers on standard variable tariffs - often the most expensive plans in the market.
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