Ofgem energy price cap: Typical bill to rise in January

Published On Nov 22, 2024, 1:59 AM

Energy bills in the UK are set to increase again in January, marking a second rise this winter, with typical households expected to pay £1,738 a year, which is significantly above pre-COVID levels. The regulator Ofgem has indicated that these high prices may become the new normal, causing financial strain for many families. Despite some reductions in energy prices compared to last year, households are struggling with increasing debts related to energy costs, currently totaling £3.7 billion. The ongoing situation risks deepening household financial pressures, especially for vulnerable groups.