Energy costs will rise for millions of British households this autumn after the price cap for a typical annual dual-fuel bill increased by 2% to \u00a31,755.<\/p>\n
The energy regulator for Great Britain, Ofgem<\/a>, will raise the cap on gas and electricity charges from October by the equivalent of just over \u00a335 a year for the average home, following a rise in European gas prices.<\/p>\n The modest increase follows a brief reprieve from rising energy bills over the summer when the energy price cap fell by 7% to \u00a31,720 from July because of lower market prices.<\/p>\n Energy bills will also increase because of an expansion of the government\u2019s warm home discount scheme, which is expected to add about \u00a315 to a typical bill, according to analysts at Cornwall Insight, an energy consultancy.<\/p>\n About 9 million households who buy their energy through variable tariffs will see an immediate impact on their bills when the cap takes effect in October. Households could face even higher bills if they use more than the typical amount of energy.<\/p>\n This is because the cap, which is recalculated every three months, limits the rate energy suppliers can charge customers for each unit of gas and electricity \u2013 not the total bill.<\/p>\n The return to rising energy bills means the typical household will pay about \u00a3600 a year more on its annual bill than before Russia\u2019s invasion of Ukraine<\/a> in 2022 caused gas market prices to soar.<\/p>\n The rising price cap is likely to reignite the debate over the affordability of the UK\u2019s energy as households look ahead to winter.<\/p>\n Official figures show that household energy debts reached a record high of \u00a34.15bn at the end of last winter. The total debt and arrears figure has accelerated in the past two years even as energy bills have stabilised relative to the record increase in 2022.<\/p>\n Cornwall has predicted that the price cap will fall slightly in January, depending on weather patterns, on whether geopolitics affects market prices and on whether new policy costs, such as those to support investment in new nuclear generating capacity, are added to bills.<\/p>\n Responding to the price cap announcement, the Labour<\/a> party blamed high bills on the previous government\u2019s policies towards renewable energy and attacked the Reform leader Nigel Farage\u2019s plans to turn away from greener energy sources.<\/p>\n skip past newsletter promotion<\/a><\/p>\n Sign up to Business Today<\/p>\n Get set for the working day \u2013 we’ll point you to all the business news and analysis you need every morning<\/p>\n Privacy Notice: <\/strong>Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy<\/a>. We use Google reCaptcha to protect our website and the Google Privacy Policy<\/a> and Terms of Service<\/a> apply.<\/p>\n after newsletter promotion<\/p>\n \u201cEnergy bills soared under the Conservatives because they tied our country to the fossil fuel rollercoaster and working people are still paying the price,\u201d a spokesperson said.<\/p>\n \u201cFrom banning onshore wind to failing to deliver new nuclear, their reckless decisions left Britain exposed to wholesale gas prices that are still 75% higher than before Putin\u2019s invasion of Ukraine.<\/p>\n \u201cThat\u2019s why Nigel Farage\u2019s unpatriotic war on clean energy would be a total disaster for families, businesses and our economy. His destructive plans would push bills higher, kill nearly a million jobs and scrap billions of pounds of vital investment across the country that will strengthen our energy security.<\/p>\n \u201cThis Labour government\u2019s plan for change is protecting consumers with 3 million more families getting \u00a3150 off their bills through the warm home discount, a total of 6 million in all, as we continue to invest in clean homegrown power to bring energy bills down for good.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Energy costs will rise for millions of British households this autumn after the price cap for a typical…\n","protected":false},"author":2,"featured_media":376951,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[748,393,4884,12,1144,712,16,15,1764],"class_list":{"0":"post-376950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-news","12":"tag-northern-ireland","13":"tag-scotland","14":"tag-uk","15":"tag-united-kingdom","16":"tag-wales"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/376950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=376950"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/376950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/376951"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=376950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=376950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=376950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}