Energy bills for 15 million households will increase by at least £139 from October due to a rise in wholesale prices after Ofgem, the UK’s energy regulator, announced the hike earlier this month.
The UK’s watchdog said that energy customers on default tariffs paying by direct debit will see the sharpest jump in prices since the cap was introduced, taking average bills to £1,277 per year. Pre-payment customers will see costs rise by £153, from £1,156 to £,1309.
Ofgem said the increase has been driven by a rise of more than 50 per cent in energy costs over the last six months, with gas prices hitting a record high as inflation jumped amid the easing of pandemic restrictions.
Currently EDF, SSE and OVO have confirmed the 12% price increase from October 1, with E.on and Scottish Power expected to follow suit soon.
To help households across the UK manage the increase to their fuel bills this year, experts at Boiler Plan share eight top tips on using your garden more efficiently.
Ian Henderson, Managing Director at Boiler Plan, said:…
