ENERGY PRICE CAP RISE – Energy bills climb to £1,755 as winter demand surges
Households across Great Britain are facing higher energy costs from today, as the latest price cap comes into effect just as the central heating is switched on.
For a typical household, the energy regulator Ofgem’s price cap is rising by 2%, adding £35 to the average annual bill, which now stands at £1,755 a year.
The increase may seem small, but it comes as energy consumption rises sharply for the autumn and winter. One calculation suggests the average home on a standard tariff will spend £140 on energy in October—more than double the £63 spent in September.
This hike is taking effect despite wholesale energy prices actually falling over the last three months, with the higher cap driven primarily by increased standing charges and costs related to essential support schemes.
Debt charity StepChange is warning that even a small increase is difficult for families already struggling. The charity reports a concerning 32% rise in the average energy debt held by its clients seeking advice over the last two years.
