The Latest Breaking News on Will energy bills will rise again in January for UK households?

Supermarket latest to ration vegetable sales; Ofgem cuts maximum cost of electricity and gas units from April, but average bills set to rise anyway

The energy cost for households is due to increase as various government support schemes come to an end

Ofgem is expected to announce on Monday it will drop its cap on the amount energy suppliers are able to charge by around £1,000

Customers will pay about 20% more on their bills – approximately £500

Citizens Advice said households will come under increased pressure with energy bill support set to fade away and the moratorium on force-fitting prepayment meters due to end

Wholesale gas prices – the price paid by the company that then sells it on to you – are at last starting to fall to levels below where they were before Russia invaded Ukraine in February 2022, though not back to levels before the global economy restarted after COVID lockdowns.

Meanwhile, the boss of the hospitality trade body said the reduction of business support will push more companies into insolvency.

Almost 800,000 homes could be warmed by converting the vast amounts of excess heat which is produced across London, a new report has claimed.

It comes as energy bills are set to rise again this April, by 20%