The energy regulator Ofgem has announced a higher-than-expected increase in the energy price cap with energy bills rising by £111 for a typical household per year.
The announcement follows the January energy price cap increase, whereby bills increased by 1.2%. Now, the cap is rising by 6.4% and households will expect to see an increase of £9.25 per month, taking the average annual energy bill to £1,849 per year.
