Households across Britain are facing increasing energy costs this winter after the regulator raised its price cap from October 1.
Ofgem’s price cap has risen by £149 from the previous £1,568 a year for a typical household in England, Scotland and Wales to £1,717.
Here, we look at why the price cap has gone up and what people can do to mitigate the cost of their energy bills. What is Ofgem’s price cap? The energy price cap sets a maximum price that energy suppliers can charge consumers in England, Scotland and Wales for each kilowatt hour (kWh) of energy they use.
The figures provided by Ofgem indicate what a household using gas and electricity, and paying by direct debit, can expect to pay if their energy consumption is typical.
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