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Mmastodon EnvironmentEnergy first seen 1 d ago, last 21 h ago, peak #5

UK energy price cap rises 4% with bigger hike feared in January

Original: Energy price cap rise of 4% takes effect amid warnings of 16% New Year increase https://www.standard.co.uk/news/uk/gover

A 4% rise in the UK energy price cap has come into effect, increasing household bills, and campaigner Simon Francis has warned of a much larger 16% increase when the cap is reset in the New Year. The warnings come as households face higher costs heading into winter, with pressure building on the government over energy bills and VAT policy.

Why now: Households are facing higher bills now and warnings of a sharply bigger rise in January, putting energy costs back in the spotlight.

OfgemSimon FrancisUK government

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