Households all across the UK will see their bills rise sharply from April on the backdrop of soaring energy bills.
On Monday Ofgem announced it was lowering the price cap to £3,280 from the current £4,279 - a reduction of almost £1,000.
While this may appear like good news households will actually see their energy bills rise by an average £500 a year. This is because at the same time the government's Energy Price Guarantee is rising by 20% to £3,000 for a tpyical household.
