Regulator Ofgem has confirmed that the average UK household energy bill will rise by £149 in October. The 10% increase comes after the regulator announced it is hiking its price cap from the current £1,568 for a typical household in England, Scotland and Wales to £1,717, adding around £12 a month to an average bill. However, it is around £117 cheaper than the cap in October last year, which was set at £1,834.
Average UK household bill to rise this winter From 1 Oct 2024 Price Cap average direct debit unit rates for energy; ELECTRICITY Unit rate: 24.50p per kWh Standing charge: 60.99p per day GAS Unit rate: 6.
24p per kWh Standing charge: 31.66p per day https://t.co/lSqVKwnSeS pic.
twitter.com/xCZd9cyFJX — Ofgem (@ofgem) August 23, 2024 Discussing the Ofgem price rise, Ofgem said rising prices in the international energy market, due to heightened political tensions and extreme weather events, was the main driver behind the decision. Jonathan Brearley, the chief executive of Ofgem, said: “We know that this rise in the price cap is going to be extremely difficult for many households.
“Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly pension credit, and contact their energy company for further help and support.” He also urged consumers to “shop around” and consider opting for a fixed-rate tariff that could save people money. Energy Secretary Ed Miliband said Ofgem’s announcement t.