Ofgem has confirmed that the energy price cap will be updated quarterly, rather than every six months, as it warned that customers face a “very challenging winter ahead”. Bills last went up in April and are set to go up again in October.
The announcement means your gas and electricity bills could now go up every three months. The average household’s energy bill might hit around £500 a month in January alone, experts have said as they released another gloomy forecast for consumers across the country.
BFY Group, a utilities consultancy, said it expects the cap on bills to hit £3,850 between January and April next year – hundreds of pounds more than prior predictions.
