By Shiva K Dhakal |
National Press Corporation, UK
Millions of households across England, Scotland and Wales face higher energy costs this winter after Ofgem confirmed a 2% rise in its price cap.
From October, a typical household’s annual bill will rise by £35 to £1,755, with the cap lasting for three months. The increase, slightly above expectations, reflects wholesale market costs as well as new government support measures.
Anyone on means-tested benefits will automatically receive the £150 Warm Home Discount, with eligibility expanded this year. The cost of the scheme, however, will be shared among all billpayers.
Campaigners warn many households are still struggling to repay energy debts from previous years. Simon Francis of the End Fuel Poverty Coalition said: “This will mean another winter of high prices. Families are still paying hundreds more than they did a few years ago.”
Consumer group Which? said households might benefit from fixed-price deals but cautioned that high exit fees could erase potential savings.
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