Charities have reacted angrily to the rise while the boss of Octopus has suggested pensioners struggling to heat their homes should consider using electric blankets to keep warm

The UK’s energy price cap is set to rise by £21 for an average household, taking a standard yearly bill to £1,738, Ofgem has said. The energy regulator opted to announce a 1.2 per cent hike in the cap for the period January to March 2025 – or £1.

The regulator announced that typical households on variable rate tariffs will see their annual energy bills climb to £1,738 between January and March 2025

Brits are bracing for more misery as the energy price cap will increase to £1,738 a year. The change to the Ofgem price cap – which sets a maximum rate per unit and standing charge that can be billed to customers for their energy use – will rise by £21 for an average household per year or around £1.75-a-month.

Millions of British households will see energy bills tick up in January after regulator Ofgem said it would increase its domestic price cap by 1.2% from January as volatile wholesale energy markets kept prices high.

Millions of homeowners will pay more for energy bills from January, after regulator Ofgem announced its price cap will rise to £1,738 a year. The price cap, currently £1,717 a year for average energy use, will increase by 1.2 per cent to £1,738 on 1 January 2025.

Energy bills are set to rise by an average of £1.75 a month from January as Ofgem announces the new energy price cap. The regulator changes the price cap every three months, with the latest one set to take effect on January 1 and continue through to March 31.

The price cap is rising by 1.2% from January 1, meaning the average dual fuel household paying by direct debit will see their annual bill go up from £1,717 a year to £1,738.

Shocking new research has revealed the regions in the UK that will be the worse hit by the latest energy price cap increase from Ofgem. Energy bills are set to rise again as the regulator confirmed earlier today that a 1.