Energy price cap will rise in January adding pressure on households
Business / Thu 23rd Nov 2023 at 10:00am
HOUSEHOLD energy prices will rise in January putting more financial pressure on bill payers at the coldest time of year reports the BBC.
Energy regulator Ofgem said the typical annual household bill would go up from £1,834 to £1,928, a rise of £94 or 5%.
It said the rise in bills would be “worrying” at a difficult time for many people, but was the result of higher wholesale costs faced by suppliers.
Analysts have predicted a subsequent drop in prices in March.
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Handy that being announced the day after the Autumn Statement typical Tory Boys tactic!
It’s ok, because it doesn’t affect the rich .