UK homeowners are bracing for another surge in energy bills from January 1 as the Ofgem price cap rises once more. The regulator is increasing the cap from £1,717 annually for a typical dual-fuel household to £1,739, a rise of £21 that follows the previous £149 increase in October.
The cap will ascend with a tariff change as electricity rates climb from 24.5p per kWh to 24.86p per kWh and gas from 6.24p per kWh to 6.34p per kWh.
Standing charges will dip slightly from 60.99p to 60.97p for electricity and 31.66p to 31.65p a day for gas. With winter commencing - under the astronomical definition - at the solstice on December 21, we are still very much in the chillier months of the year and many individuals will be concerned about the impact of these price cap alterations on energy bills.
According to Octopus, Britain's largest energy supplier, there is one significant adjustment you can make with keeping warm and it could save you as much as £347.
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