by Jillian Ambrose on (#6GKGJ)
Ofgem increases minimum price for energy suppliers to charge customers after rise in global gas pricesHouseholds will begin the new year with a 5% increase in energy bills after the regulator raised the price cap to an average of 1,928 a year for the typical gas and electricity bill.Ofgem raised the maximum price that energy suppliers can charge their customers from 1,834 a year for the typical household between October to December, after a rise in global gas market prices after the start of the Israel-Hamas war last month. Continue reading...