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The Guardian - UK

Business

Jillian Ambrose

British households face record 54% energy bill rise as price cap is raised

Coins and notes on top of a British Gas bill — The increased cap reflects a fourfold rise in energy market prices over the last year. Photograph: Xinhua/Rex/Shutterstock

Households will face a record energy bill increase of 54% from April after the regulator lifted the cap on default tariffs to £1,971.

The energy regulator, Ofgem, lifted the maximum rate that suppliers can charge for an average dual-fuel energy tariff by £693, to reflect the fourfold increase in energy market prices over the last year.

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