The energy bills of millions of households are to rise by 6.4% from April 1 when Ofgem increases its price cap for a third consecutive quarter. The regulator said the increase, which will raise the average bill for households in England, Scotland and Wales on a standard variable tariff from the current £1,738 a year to £1,849, followed a recent spike in wholesale prices. #ofgem
Category
🗞
NewsTranscript
00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:05Here are your major breaking headlines this morning.
00:08The energy bills of millions of households are to increase by 6.4% from April 1st
00:15when Ofgem increases its price cap for a third consecutive quarter.
00:20The regulator said the increase, which will increase the average bill for households in England, Scotland and Wales
00:26on a standard variable tariff from the current £1,738 a year to £1,849,
00:34followed a recent spike in wholesale prices.
00:38The increase will equate to £111 for average household per year
00:43or around £9.25 a month over the three-month period of the price cap.
00:48So a major economic announcement this morning affected millions of households.
00:53My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.