An immediate issue for households is the 2% increase that has now taken effect for millions of people in England, Scotland and Wales who are on variable tariffs. Those who have fixed deals will not be affected. The regulator and suppliers say people should investigate whether a fixed tariff saves them money and fits their circumstances.
Ofgem’s cap sets the maximum price that can be charged for each unit of gas and electricity. The increase for October to the end of December means a household using a typical amount of energy will pay £1,755 a year, up £35 a year.
Individual households can calculate their estimated specific change by adding £2 onto every £100 they spent on energy each year.
Higher bills are the result of extra financial…