Millions of households to face higher energy bills this winter despite price cap

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Image of cash and pre-payment meter key
Image of cash and pre-payment meter key

https://morningstaronline.co.uk/article/splash-millions-households-face-higher-energy-bills-winter-following-ofgem-price-cap

MILLIONS of cash-strapped households are facing higher gas and electricity bills this winter despite a lower energy price cap, the labour movement warned yesterday.

Amid declining wholesale prices, regulator Ofgem announced a new average annual energy cost across Britain of £1,923 from October 1 — down from £2,074.

Typical prepayment meter customers will see their bills falls to £1,949 a year.

But experts warned a decision by Tory ministers to cut government energy support alongside an increase in compulsory standing charges would hike costs for some, while many would see little or no change.

https://morningstaronline.co.uk/article/splash-millions-households-face-higher-energy-bills-winter-following-ofgem-price-cap

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