In October 2024, energy prices increased by 10%, taking the average UK energy bill from £1,568 to £1,724 for gas and electricity. From January 2025, energy prices will rise by 1.2%, taking the average UK energy bill for gas and electricity to £1,738. Right now, energy ...
Unfortunately, the volatility of the energy market and the rise in price of wholesale gas has had a knock-on effect for the price of electricity. This is because the main method of electricity generation is gas-fired, so when it costs more to use the gas, it costs more to generate the...
Ofgem chief executive Jonathan Brearley said: "We know that this rise in the price cap is going to be extremely difficult for many households. Anyone who is struggling to pay their bill should make sure they have access to all the benefits they are entitled to, particularly...
More on Energy Price Cap Energy price cap now expected to rise in April as bills increase again in January Energy price cap rises again - with cost of bills expected to stay high for months Energy bills to rise again from January but spring falls to come, research firm Cornwall...
LatAm PP domestic, international prices steady as 2024 endsDomestic and international polypropylene (PP) prices were steady across Latin American countries. Braskem Idesa seeks January PE price increase in MexicoBraskem Idesa (BI) is seeking a price increase of $110/tonne on high density polyethylene...
OVO’s prices on standard variable tariffs have increased once in 2025 in line with Ofgem's energy price cap, which increased from £1,717 to £1,738. Can I do anything about OVO price rises? If you’re on a standard variable tariff, your prices will rise and fall with the price...
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Securing a competitive price is crucial, but other factors, like contract lengths and flexibility, need consideration, as well as ensuring your supplier adapts to the changing energy landscape. Here’s what to look for: Prioritise reliability and stability ...
1 October to 31 December 2024£1,717 1 January to 31 March 2025£1,738 What was the Energy Price Guarantee? In October 2022, when Ofgem's price cap level was forecast to rise to £4,279 in January 2023, the Energy Price Guarantee was introduced to protect customers from unprecedente...
November 22 2024 Britain’s household energy bills to rise from January Regulator Ofgem’s decision to increase price cap means typical yearly bill will be £1,738 November 21 2024 UK cuts fines for boilermakers in climbdown on heat pump sales ...