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Energy bills in Great Britain rise by 5% as price cap increases
(www.theguardian.com)
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this post was submitted on 01 Jan 2024
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This is the best summary I could come up with:
The change, taking effect from 1 January, means average households are beginning 2024 with a 5% increase in energy bills – at the start of what could be the coldest three months of the year.
The increase means that for the period 1 January to 31 March, the price cap is £1,928 a year for a typical household that uses gas and electricity and pays their bill by direct debit.
The Ofgem chief executive, Jonathan Brearley, has acknowledged that many people are having “a difficult time” and that “any increase in bills will be worrying”.
In the run-up to Christmas, Citizens Advice reported record numbers of people unable to pay their energy bills.
Alastair Douglas, the chief executive of the website TotallyMoney, said energy companies had been instructed to contact struggling customers and offer support, “but that doesn’t mean you have to wait for them to reach out”.
The average annual electricity and gas bill should come down to £1,660 in April, the analytics firm Cornwall Insight has predicted.
The original article contains 432 words, the summary contains 169 words. Saved 61%. I'm a bot and I'm open source!