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The Independent UK
The Independent UK
Anna Wise

Price cap: Why energy bills are going up when wholesale prices are down

Households across England, Scotland, and Wales face a slight increase in their energy bills from 1 January, following Ofgem's announcement of a rise in its next price cap.

The regulatory change will see typical annual energy costs climb by 0.2 per cent, equating to an additional £3, bringing the total to £1,758 for those paying by direct debit for gas and electricity.

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