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Evening Standard
Evening Standard
Business
Josie Clarke

Households urged to seek fixed energy deals as latest price cap hike takes effect

Millions of households have been urged to consider fixing their energy prices as the latest hike to the price cap sees their bills reach an average £1,849 a year.

The third consecutive increase to Ofgem’s price cap taking effect from Tuesday sees the bill of a typical household paying by direct debit rise 6.4%, an increase of £111 a year or £9.25 a month after it went up by 10% in October and another 1.2% rise in January.

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