Suppliers will be able to increase bills for customers on default tariffs to an average of £1,277 a yearEnergy bills for 15 million households will rise by at least 12 per cent from October as the price cap is increased because of record-high gas costs. Ofgem said that 11 million households on standard tariffs faced an increase of £139 a year or 12 per cent while a further four million households with prepayment meters would see an increase of £153 a year or 13 per cent. SponsoredThe increase ranks as the biggest rise in energy bills in a decade and consumer groups warned it would spell hardship for many families as it coincided with the end of the government’s universal credit increase and the furlough scheme. Suppliers will be able to increase bills for customers on default tariffs to an average of £1,277

Source: The Times August 06, 2021 07:36 UTC