Energy prices to rise from January

13th December 2023
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Energy regulator Ofgem have announced the new energy price cap, with energy prices set to rise by 5% on average from this coming January. It means energy prices remain shockingly high, with most households continuing to pay more on their energy bills than last year.

The price cap changes every three months and had infact fallen in recent months. However from January 2024, the price cap will once again rise, due to increases in the international wholesale energy market. This is due to market instabilty and global events (particularly the conflict in Ukraine).

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