Consumers have been warned to brace for a new round of energy price rises within weeks because suppliers are under pressure to pass on increases in wholesale costs. “When wholesale energy costs move, so does our tariff,” he said. Industry sources and analysts said they expect bigger players to break ranks shortly and announce price rises for millions of households. Energy regulator Ofgem will publish an update on the costs facing energy suppliers on Wednesday. That will be felt more keenly by small suppliers, unlike the big players who hedge far ahead.

Source: The Guardian February 27, 2018 18:06 UTC