Posted 11/23/2023, 4:25:00 PM
Energy bills to rise £94 in January as price cap increases, adding to customer hardship
- Energy price cap will rise in January, increasing typical household bill by £94 to £1,928 per year
- Increase driven by higher wholesale energy costs faced by suppliers
- Regulator Ofgem said suppliers should identify and help struggling households
- Government has not announced any new support measures this winter like last year's £400 payment
- Financial hardship expected for many, with total customer debt to energy suppliers already at £2.6 billion