OFGEM has announced that the Energy Price Cap will increase from 1 January 2024.
This will affect most consumers who are not on fixed rates tariffs at this time.
The price of energy for a typical household who use gas and electricity and pay by Direct Debit will go up by £94. This will take the price cap from £1,834 to £1,928 per year.
This increase will affect both tenants who pay their own bills or have an energy supply contract and Landlords who include bills in the monthly rent.