Ofgem's director general of markets says he is aware that increases in energy bill prices due to the energy regulator's new price cap is "unwelcome news" for customers. Tim Jarvis blames the changes on the "international wholesale price of gas",

Ofgem has confirmed the typical dual fuel household paying by direct debit will see their annual energy bill increase from £1,738 a year to £1,849 from April

Millions of Britons will pay higher energy costs from April after regulator Ofgem said its domestic price cap would rise 6.4% due to soaring wholesale energy prices.

The 6.4% hike, driven by a recent surge in wholesale prices, will push the average annual bill for households in England, Scotland, and Wales on a standard variable tariff from £1,738 to £1,849. This increase will add £111 to the average household's yearly bill, or roughly £9.25 a month over the next three months.

The Ofgem price cap does not put a limit on how much you can pay for energy - instead, it sets the maximum you can be charged for unit rates and standing charges

Energy bills are set to rise by 6.4% from April, Ofgem has confirmed. The average bill will increase to £1,849 from April. It is the third consecutive rise to the energy price by cap the regulator. The new figure represents a 6.

The regulator announced that the 6.4% increase - driven by a recent surge in wholesale prices - will push the average annual bill for households in England, Scotland, and Wales on a standard variable tariff from £1,738 to £1,849.

British energy regulator Ofgem on Tuesday raised its price cap by 6.4% on household energy bills from April to an annual level of 1,849 pounds ($2,334.7), as cold weather and low European gas storage levels keep wholesale prices high.

Energy bills for a typical household will rise by £111 a year from 1st April, a higher than expected increase, Ofgem has confirmed The post Ofgem confirms energy bills will rise by 6.4% in April appeared first on The Eco Experts.