Ofgem just announced that they will be raising the price cap on what gas and electricity suppliers can charge customers, up from £1,834 to £1,928 starting from 1 January 2024. That is an equivalent of a 5% increase in price. And with the government not making mention of any further support to households on energy bills, this will put more pressure on the UK consumer in general.
UK household energy bills set to rise as Ofgem raises price cap for next year
- On average, households will pay an extra £94 per year on energy bills
