Energy
Households endure another year of energy bill misery due to ‘volatile’ market
Bills have dropped since their record highs, but the price cap will rise slightly again to just over £1,900 from January 1
Households endured yet another year of energy bill misery as the ongoing effects of the pandemic and Russia’s invasion of Ukraine highlighted the UK’s susceptibility to the highly volatile wholesale market.
The year started with Ofgem’s energy price cap rocketing to more than £4,000 a year for the typical household, although households received £400 towards their bills, which were limited by the Government’s energy price guarantee to an average £2,500.
Bills have dropped since then, ...
