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Evening Standard
Evening Standard
Business
Anna Wise

Why are energy bills going up when wholesale prices are down?

The price cap announcement comes amid speculation that the Chancellor could be set to target further energy bill support in the autumn Budget (Alamy/PA) -

Energy bills will rise by 0.2% from January 1 for a typical household in England, Scotland and Wales, after Ofgem announced an increase to its next price cap.

It means bills will rise by about £3 to £1,758 per year for the typical household paying direct debit for gas and electricity.

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