Bright and early this morning, the new energy price cap for the next three months was announced, which will take effect from the New Year, the 1st January 2024. And we’re afraid it’s not the good news we were all hoping for. Ofgem, the country’s independent energy regulating body, set the new energy price cap for dual-fuel households (using both gas and electricity) paying by direct debit at £1,928.
Compared to the October energy price cap announced this August, which was set at an average of £1,834, the new amount is higher by £94, which equals to a 5% increase.
